Cosmo Energy Holdings' shareholders approved a "poison pill" takeover defence on Thursday, in a controversial vote that excluded certain activist shareholders and has implications for hostile takeover attempts in Japan.
Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed by Reuters show.
Government-owned Deposit Insurance Corp of Japan (DICJ) is planning to vote against Shinsei Bank's poison pill defence aimed at blocking SBI Holdings Inc's $1.1 billion bid, public broadcaster NHK reported on Tuesday.
U.S. proxy advisory firm Glass Lewis & Co on Friday recommended shareholders of Japan's Shinsei Bank Ltd vote for the lender's plan for a poison pill defence against an unsolicited $1.1 billion bid from SBI Holdings Inc .
Shareholders in Tokyo Kikai Seisakusho Ltd approved a "poison pill" measure on Friday aimed at blocking a takeover attempt by its top investor, setting up a court battle that will have sweeping implications for hostile bids in Japan.