TOKYO (AFX) - Toyota Motor Corp, the world's top automaker by market value, plans to introduce a poison pill and other counter-measures against potential future hostile takeover bids, Kyodo News reported, citing unnamed company officials.
Japan's top automaker will seek approval for the measures at a general meeting of shareholders, Kyodo said, in response to pending changes to Japanese corporate law originally intended to make corporate mergers and acquisitions easier.
The new law, now subject to parliamentary deliberations, would allow foreign companies from 2007 to use equity swaps to take over Japanese firms.
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Japan's top automaker will seek approval for the measures at a general meeting of shareholders, Kyodo said, in response to pending changes to Japanese corporate law originally intended to make corporate mergers and acquisitions easier.
The new law, now subject to parliamentary deliberations, would allow foreign companies from 2007 to use equity swaps to take over Japanese firms.
wäre ja sicher ganz interessant,was sie machen wollen ausser Aktienrückkauf
