Steel Partners opposes bid for Aderans stake

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TOKYO | Mon May 11, 2009 3:26am EDT

TOKYO May 11 (Reuters) - U.S. hedge fund Steel Partners said it urged shareholders of wig maker Aderans Holdings (8170.T) to reject an offer by Japanese private equity fund Unison Capital to buy Aderans shares. Aderans Holdings said last month Unison Capital was set to bid for at least a 35 percent stake in Aderans to become the largest shareholders, ahead of Steel Partners, which has been pushing for management changes. (Reporting by Junko Fujita)

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