ValueAct Calls for an Extraordinary General Meeting of Takara Holdings to Strengthen the Board and Hold Incumbent Outside Directors Accountable for Failure to Supervise Management

SAN FRANCISCO & TOKYO–(BUSINESS WIRE)–ValueAct Capital (“ValueAct”), which manages funds holding approximately 39.4 million shares of Takara Holdings Inc. (“Takara Holdings”, “the Company”) representing approximately 20.0% of the Company’s outstanding shares, announces that ValueAct Japan Master Fund, L.P., has formally demanded that Takara Holdings convene an extraordinary general meeting of shareholders. ValueAct invested in Takara Holdings with a strong belief in the Company’s long-term gr