Japan eyes U.K.-style rules
July 9. - Japan should introduce British-style takeover rules that require someone bidding for more than 30 percent in a company to offer to buy all shares in the target, a senior government official said.
Hiroaki Niihara, director of the corporate system division at the Ministry of Economy, Trade and Industry, said the change would protect minority shareholders and eliminate the need for "poison pill" anti-takeover defense plans.
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