Murakami-related investment fund TOB hostile to Toshiba Machine January 21, 18:42
An investment fund involving Mr. Murakami, a former Murakami fund that has been talked about as a "shareholder who speaks," revealed that TOB has begun a tender offer for TOB, a machine manufacturer. TOSHIBA MACHINE is preparing to introduce takeover defense measures, and the battle is likely to be fierce.
According to the announcement, Tokyo City Shibuya-ku investment fund "City Index Elevens" will make a TOB = tender offer for Toshiba Machinery headquartered in Numazu-shi, Shizuoka Prefecture from the 21st, with a maximum of 43% They are aiming to get too much.
According to the executive of the investment fund, this fund is involved with Mr. Yoshiaki Murakami, a former Murakami fund who has been talked about as a "speaking shareholder", and provides advice on investment.
The investment fund said that it had decided to return to TOB because it did not respond to Toshiba Machine's proposal to return the accumulated retained earnings to shareholders and increase shareholder value.
On the other hand, Toshiba Machine is preparing to counter this.
The company once abolished the takeover defense measures approved at the General Meeting of Shareholders last June, but in response to this situation, the board of directors held a meeting on March 17 this month and the right to purchase new shares, We have decided to introduce a takeover defense measure that allocates "reservation rights" to other shareholders free of charge.
The company commented, "We will consider measures including the ones already announced, such as allocating stock acquisition rights to existing shareholders and reducing the ownership ratio of TOB implementers."