Say "hostile takeover" in Japanese: mergers
Article Abstract:
The potential of global competition is firing up the Japanese mergers and acquisitions market, as the Japanese government relaxes its restrictions. The joint venture plans of SBC Warburg and Long-Term Credit Bank of Japan signal an activation of the Japanese mergers market. Foreign acquisition of Japanese companies amounted to $4.8 bil in 1996, a 400% increase over 1995 figures. Much of the difficulty posed by Japanese mergers and acquisitions is the process of cross-shareholdings among friendly companies and Japanese government regulation, which has protected inefficient Japanese companies. Shareholder pressures may increase the trend towards mergers.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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Japan restructures, grudgingly
Article Abstract:
Sumitomo Rubber has announced a number of JVs with Goodyear, while Dupont has announced JVs with Teijin, both developments part of a wider restructuring of Japanese companies. Meanwhile, Mitsubishi Electric and Toshiba are merging major electrical generator activities. Japanese retail sales are dropping, and industry has been affected by overcapacity. Pressure has also come from creditors, and weaker companies are having to pay higher rates to borrow than are stronger companies.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Ever so polite
Article Abstract:
Changes in attitudes to takeovers in Japan, and attitudes to hostile takeovers are examined in detail.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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