Asia Development Capital to appeal to Japan's Supreme Court to block Tokyo Kikai's poison pill - lawyer
09/11/2021 09:09
TOKYO, Nov 9 (Reuters) - Asia Development Capital 9318.T
will appeal to Japan's Supreme Court in its bid to stop Tokyo
Kikai Seisakusho Ltd 6335.T from issuing a poison pill
strategy to discourage a hostile takeover, a lawyer for the fund
told Reuters on Tuesday.
The plan to appeal to the highest court follows its request
for an injunction defeated by two lower courts. urn:newsml:reuters.com:*:nL1N2S00FR
(Reporting by Makiko Yamazaki, writing by Ju-min Park; Editing
by)
((ju-min.park@thomsonreuters.com; Reuters Messaging:
ju-min.park.thomsonreuters.com@reuters.net))