Tsuruha Holdings Considers $4 Billion Sale After Proxy Battle Victory

Shares Surge 26% as Company Gauges Interest from Private Equity Firms

Tsuruha Holdings is considering a sale that could value the company at about $4 billion or more.
The company is working with an adviser and has reached out to private equity firms to gauge their interest.
Tsuruha is looking to collect nonbinding bids from potential investors as soon as next week.
The company recently won a proxy battle with activist investor Oasis Management over a reshuffle of the board.
Tsuruha's shares jumped by a record 26% following the report.