Shinsei Bank has announced that it has set up a council made up of only outside directors in order to objectively judge the pros and cons of the TOB = tender offer by SBI Holdings, a major online finance company.
SBI Holdings is conducting a takeover bid with the aim of increasing the shares of Shinsei Bank by up to 48%.
Shinsei Bank, on the other hand, continues to reserve that it will take time to consider the pros and cons of the TOB, but on the 6th, only five outside directors will be members, saying that it will be necessary to make an objective judgment in the future. Announced that it has set up a council.
The bank will respect the opinions of this council as much as possible and decide on the approval or disapproval of the TOB as a board of directors in the middle of this month.
In addition, Shinsei Bank has already decided to introduce takeover defense measures to reduce the voting rights ratio of SBI, but it is also clear whether it will enter the procedure to hold an extraordinary general meeting of shareholders, which is essential for invocation. It is a policy to do.