|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||39.58 - 39.58|
|52 Week Range||32.06 - 47.79|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||10.69|
|Forward Dividend & Yield||0.93 (2.35%)|
|1y Target Est||49.52|
TOKYO, March 13 (Reuters) - Alps Alpine Co said on Wednesday Hong Kong-based fund Oasis Management had sued it for 38.4 billion yen ($345 million) in damages and had asked the Tokyo District Court to nullify ...
Let's see if Alps Electric Co., Ltd. (APELY) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
Hong Kong-based fund Oasis Management failed to block the sale of Alpine Electronics Inc to larger affiliate Alps Electric Co, highlighting the struggle activist investors face to get firms to embrace their proposals in Japan. "Our team fought very hard today but unfortunately we lost this game," said Oasis Chief Operating Officer (COO) Phillip Meyer, after the Hong Kong fund's objection to the deal was overruled at an Alpine shareholder meeting on Wednesday.
Japan's Alps Electric Co said it would take steps to boost shareholders returns after it completes a planned acquisition of affiliate Alpine Electronics Inc, in a move welcomed by asset manager Elliott Management. Shares in Alps Electric rose as much as 7.8 percent after the announcement and were trading up 5.5 percent by mid-morning.