Shinsei Bank will hold a board meeting on the 17th to consider introducing takeover defense measures to counter the takeover bid by SBI Holdings, a major online finance company.
In addition, it is a policy to consider sending a questionnaire to SBI because the explanation about TOB is insufficient.
SBI Holdings is conducting a takeover bid for Shinsei Bank and will buy up to 48% of the shares to renew its management team.
Regarding this TOB, Shinsei Bank will hold a board meeting on the 17th to consider the introduction of takeover defense measures called "poison pills".
Specifically, by allocating stock acquisition rights to all shareholders free of charge and delivering shares under certain conditions, the number of shares held by general shareholders when a takeover bid is held. Is increasing, and the number of SBI shares does not increase.
As a result, the ratio of voting rights held by SBI will decrease, and Shinsei Bank will be able to compete with the TOB.
The introduction of this takeover defense measure requires a resolution at a general meeting of shareholders, including SBI, the largest shareholder.
In addition, at the board of directors meeting on the 17th, we plan to discuss the pros and cons of the TOB, but we will consider sending a letter of inquiry to SBI, saying that the explanation about the TOB is insufficient.