(Reuters) - At a general shareholders' meeting on Sunday, more than
two-thirds of votes were cast in favour of the scheme that
would give shareholders other than Steel Partners three new
shares for each existing one, while paying Steel Partners in
cash.
Steel Partners's unsolicited tender offer for Bull-Dog is
one of several fights the activist fund is waging in Japan. It
has spent about $3 billion to take stakes of more than 5
percent in some 30 Japanese firms.
Read more at Reuters.com Mergers News
two-thirds of votes were cast in favour of the scheme that
would give shareholders other than Steel Partners three new
shares for each existing one, while paying Steel Partners in
cash.
Steel Partners's unsolicited tender offer for Bull-Dog is
one of several fights the activist fund is waging in Japan. It
has spent about $3 billion to take stakes of more than 5
percent in some 30 Japanese firms.
Read more at Reuters.com Mergers News
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