Overview

• Tsuruha Holdings is considering a sale that could value the company at about $4 billion or more.
• The company is working with an adviser and has reached out to private equity firms to gauge their interest.
• Tsuruha is looking to collect nonbinding bids from potential investors as soon as next week.
• The company recently won a proxy battle with activist investor Oasis Management over a reshuffle of the board.
• Tsuruha's shares jumped by a record 26% following the report.