TOKYO -- An investment firm managing the wealth of Nintendo's founding family has been buying up shares in Japan's Toyo Construction, according to regulatory filings, in an apparent attempt to block a takeover by industry peer Maeda.
Infroneer Holdings, Maeda's newly formed parent company, initiated a tender offer for Toyo last month, with a minimum threshold of purchasing 46.47% of outstanding shares. Principal shareholder Maeda already owns a 20.19% stake in Toyo.
