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  • fuckedgaijin ‹ General ‹ F*cked News

Japan Inc. Turns Hostile

Odd news from Japan and all things Japanese around the world.
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Japan Inc. Turns Hostile

Postby Mulboyne » Sat Jul 23, 2005 8:30 am

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No, not like that
Kyodo via Yahoo: Sumida to launch hostile takeover bid for Swiss firm in August
Sumida Corp. will launch a hostile takeover bid in August for Swiss electric parts maker Saia-Burgess Electronics Holdings AG, Sumida officials said Friday...Sumida initially hoped to implement a tender offer from July 22 to Aug. 19 but met opposition from Saia-Burgess. As a result, the Japanese company decided to launch a hostile takeover bid in August, the officials said. Sumida, a coil maker listed on the First Section of the Tokyo Stock Exchange, posted 36.2 billion yen in sales for the year to December 2004.
There has been a notable increase in Japanese firms bidding for overseas companies recently although this seems to be the first hostile bid.
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