SAN FRANCISCO & TOKYO–(BUSINESS WIRE)–ValueAct Capital (“ValueAct”) today published an open letter to the shareholders of Takara Holdings Inc. (“Takara”, the “Company”) explaining why funds managed by ValueAct have requested that Takara convene an extraordinary general meeting to elect three new independent Outside Directors and remove three incumbent Outside Directors. Despite its strong preference for constructive engagement in private, ValueAct is now encouraging its fellow shareholders to