Shinsei Bank will hold an extraordinary general meeting of shareholders on November 25 to discuss the implementation of takeover defense measures over the takeover bid of TOB = shares by SBI Holdings, a major online finance company.
The general meeting will focus on how the Deposit Insurance Corporation of Japan, which is a major shareholder of Shinsei Bank, will respond.
Shinsei Bank will hold an extraordinary general meeting of shareholders on November 25 over the takeover bid that SBI is implementing to buy up to 48% of Shinsei Bank's shares, and takeover defense measures to prevent the takeover bid I will consult about the activation of.
Prior to the general meeting, the Deposit Insurance Corporation of Japan, which is a major shareholder of Shinsei Bank and holds about 20% of the shares together with The Resolution and Collection Corporation, sent a questionnaire to Shinsei Bank and SBI to make efforts to improve corporate value. I was asking you to show.
In response, the two companies announced their responses on the 12th, saying that Shinsei Bank's customer base is not complementary, so the effect of collaboration is limited, and it is pursuing capital and business alliances with companies other than SBI. Will contribute to the improvement of corporate value.
On the other hand, SBI says that the two companies are highly complementary in their businesses and will provide new opportunities for profits, and will withdraw the TOB if the takeover defense measures are passed.
Since the voting rights of the shareholders attending the general meeting must be approved by a majority, the focus will be on how the Deposit Insurance Corporation of Japan, which holds approximately 20% of the shares, will respond based on the responses of both companies.