Fanuc proposed takeover defense voted down by shareholders
TOKYO --XFN-ASIA, 06.29.2005, 11:46 PM -Fanuc Ltd became the third company, after Tokyo Electron Ltd and Yokogawa Electric Corp, to see its proposed anti-takeover measure tossed out by shareholders in recent weeks, the Nihon Keizai Shimbun reported.
Fanuc, the world's largest industrial robot maker, had sought to revised its charter to allow management to increase the number of issued shares 2.3 fold as a defense against an unsolicited takeover offer....more...
