The fate of future hostile takeover bids in Japan could rest on an upcoming court ruling that will decide whether the country's top maker of newspaper printing presses can move forward with a poison pill against an unwelcome shareholder.
Southwest Gas Holdings Inc said on Monday it had adopted a shareholder rights plan - popularly known as a "poison pill" - in a bid to thwart a push by activist investor Carl Icahn to abandon a potential $2 billion deal to buy Questar Pipelines.
Asia PacificAfter WallStreetBets, Australia s securities regulator warns share trading forums
Byron Kaye
4 minutes read
Australia s securities regulator has contacted internet share trading forums to question them about policing of pump and dump scams on their platforms, a sign of growing scrutiny of an investment subculture that soared during pandemic lockdowns.
The Australian Securities and Investments Commission (ASIC) told Reuters it has boosted surveillance of local retail trading internet chatrooms that have sprung up since the WallStreetBets Reddit chatroom was linked to wild U.S. stock fluctuations this year.
That has led to discussions between the regulator and several operators of the profanity, irony and meme-laden chat forums - who often operate anonymously - about their liability if they allow share inflation schemes to flourish.