A local investment firm has acquired a controlling stake in a Japanese telecommunications provider for $465 million. This transaction highlights the growing interest of global investors in Japanese companies, despite challenges such as defensive tactics from targets. In a related context, Fuji Soft's top shareholder has endorsed KKR's $4 billion takeover bid amid a competitive bidding environment. Meanwhile, Seven & i is facing a $47 billion takeover bid, prompting the company to reassure investors regarding its growth strategy. However, both Seven & i and Fuji Soft are reportedly resisting generous offers, raising concerns about the effectiveness of new guidelines aimed at promoting fair deals in Japan's corporate landscape.
🏪📊 Seven & i seeks to reassure investors on growth strategy amid $47 billion takeover bid Tickers of interest: $SVNDY $ATD Full Story → https://t.co/iMXGzadzSl https://t.co/Uc2mg2te5K
From @Breakingviews: Japan businesses are increasingly attracting dealmakers but defensive tactics by targets are testing the limits of new guidelines that encourage fair deals, @anshumandaga says https://t.co/pgaO6Bv3Jn
From @Breakingviews: Seven & i and Fuji Soft are defying generous takeover offers. New guidelines to promote fair deals lack teeth and reluctant targets retain power to simply say no. That's a problem for Tokyo to improve efficiencies in the economy, @anshumandaga explains https://t.co/8gMgzGPmww