UK activist fund Palliser takes stake in leading Japanese tyremaker

UK activist fund Palliser takes stake in leading Japanese tyremaker

Toyo Tire under pressure to consider options including sale as auto sector consolidates

Activist Palliser urges Toyo Tire strategic review

Palliser Capital, the UK-based activist fund led by former Elliott Management execs, has quietly amassed a ~3% stake in Japanese tyre manufacturer Toyo Tire, increasing pressure on the company to unlock value through capital returns and a possible sale, according to a report by the Financial Times. The position, which will be formally disclosed at the Sohn Hong Kong Conference on Friday, underscores growing activist interest in Japan’s automotiv…