JIP, a private equity firm ... in March that it had cut its stake to 4.90% from 7.20%. Sources have said top activist shareholders were eager to exit, even though the offer price was unsatisfactory.

Chapter 1. Construction of the JIP Database 2018: Summary and Estimation Methods (Kyoji Fukao, Kenta Ikeuchi, Tomohiko Inui, YoungGak Kim, Hyeog Ug Kwon, Shinji Tahara, Joji Tokui, Tatsuji Makino, ...