Toshiba Machine shareholders OK anti-takeover measures against activist Murakami

Shibaura Machine

27/03/2020 02:28

TOKYO, March 27 (Reuters) - Toshiba Machine Co  6104.T  said
on Friday that a majority of shareholders approved controversial
anti-takeover measures against a fund backed by veteran activist
investor Yoshiaki Murakami.
    The vote, seen by some as another test case for Japan's
corporate governance, would allow the Japanese molding machine
manufacturer to block Murakami's bid for up to 43.8% of the
company.

 (Reporting by Makiko Yamazaki
Editing by Shri Navaratnam)
 ((Makiko.Yamazaki@thomsonreuters.com; +81-3-4563-2805;))