Activist investor ValueAct takes 7% stake in Japan's JSR Corp

Activist investor ValueAct takes 7% stake in Japan's JSR Corp

Tamagawa Dori, Tokyo, Japan. Photo: Thomas Schmitz/unsplash

U.S. hedge fund ValueAct Capital has become a major shareholder in Japanese chip and display materials maker JSR Corp with more than a 7% stake, as activist investors are increasingly targeting cash-rich Japanese companies.