Japan s Cosmo Energy Holdings will exclude its largest shareholder grouping from a vote on a poison pill takeover defence as the group s plans may conflict with the interest of general. | May 24, 2023
Japan s Cosmo CEO says Controversial Vote Tactics aogdigital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aogdigital.com Daily Mail and Mail on Sunday newspapers.
TOKYO Japan’s Cosmo Energy Holdings will exclude its largest shareholder grouping from a vote on a “poison pill” takeover defense as the group’s plans may…
A Japanese investment firm that failed to break a “poison pill” defense in its bid for a printing press company had no choice but to sell most of its stake at a loss or risk a battle that would have destroyed more value, its chief executive said.
Tokyo-listed Asia Development Capital Co last month sold 32 percent of Tokyo Kikai Seisakusho Ltd to a group of newspaper publishers led by the Yomiuri Shimbun, effectively ending its unsolicited bid for the 106-year-old company.
“We were bound to lose if we continued our fight with Tokyo Kikai’s management,” Asia Development president Anselm Wong told