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Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, August 8, 2007

Japan Supreme Court Upholds Poison Pill

Japan's highest court confirmed that Japanese companies can install poison pill defenses, a blow to New York-based Steel Partners Japan Strategic Fund's tender offer for Bull-Dog Sauce Co.  The court said it did not violate the principle of equal treatment of shareholders.  WSJ, In Japan, Activists May Find Poison.

http://lawprofessors.typepad.com/securities/2007/08/japan-supreme-c.html

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