Securities Law Prof Blog

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

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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