Mitsui Fudosan to acquire Tokyo Dome One of Japan s top sporting venues is about to get a new owner. The Tokyo Dome, home ground of the Yomiuri Giants baseball team, will be part of real estate company Mitsui Fudosan s portfolio.
Mitsui says it made a successful bid for more than 84 percent of the shares in Tokyo Dome Corporation. That clears the two-thirds threshold to make the stadium operator its subsidiary.
Tokyo Dome also runs an amusement park, hotel and spa facility adjacent to the stadium. The complex attracts about 40 million visitors a year.
But the business has slumped as a result of the coronavirus pandemic. Baseball teams have been playing to reduced crowds or empty stands.
Oasis Calls for Tokyo Dome EGM to Protect Value for All Stakeholders
Oasis Calls for Tokyo Dome EGM to Protect Value for All Stakeholders Oasis Management Company Ltd. (Oasis) is the investment manager to funds that together are the largest shareholders of Tokyo Dome Corporation (9681 JP) (Tokyo Dome or the Company), owning over 9.6% of the Company. In order to protect Tokyo Domes future and ensure its future growth for the benefit of all stakeholders, Oasis has called for an Extraordinary General Meeting (EGM) in order to replace Tokyo Domes president and two Board Directors who have been serving as external Directors for over 15 years. Subsequently, the Company announced it plans to hold the EGM in mid-December, with record date on November 11.
In a pandemic-hit year when dealmaking was more of a challenge than usual, certain lawyers stood out for their innovation, determination and focus on client needs. In this annual feature, ALB spotlights some of the standout dealmakers in the year gone by.
SHINICHI ARAKI
Partner, Nagashima Ohno & Tsunematsu
Araki, a capital markets expert, has more than two decades of experience. He represents numerous major Japanese financial institutions, manufacturers, technology companies and retailers. He also has a strong relationship with many major investment banks in Japan.
Araki has acted on numerous matters including, most recently, advising Nomura, Goldman Sachs and SMBC Nikko on the $3 billion global offering of common stock of ANA Holdings (holding company of the largest airline in Japan) in the midst of the COVID-19 outbreak. He also advised Goldman Sachs and other managers on $4.3 billion accelerated book-built offering (ABO) of Yahoo Japan’s stock by Altaba in 2018 as well a