Japan Inc. updates strategy against hostile buyers

Toshiba Machine seeks shareholder support for 'emergency' takeover defense

20200304 Yoshiaki Murakami and Toshiba Machine

Toshiba Machine has resorted to an "emergency" defense measure to fight a hostile bid by a fund linked to activist Yoshiaki Murakami. 

DAISUKE MARUYAMA, Nikkei staff writer

TOKYO -- Corporate Japan has new fodder for debate over corporate defenses after Toshiba Machine's spur-of-the-moment move to block an activist investor -- a potential test case that is being closely watched.

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