TOKYO -- Japan's Cosmo Energy Holdings made waves with the unusual type of shareholder vote it used to pass a takeover defense measure while excluding activist investor Yoshiaki Murakami, whose opposition may otherwise have doomed the proposal.
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Controversial vote helped Japan's Cosmo prevail on 'poison pill'
Activist Murakami's group claims proposal would have failed if they were not shut out
The company's businesses include oil exploration, renewable energy and gas stations. (Photo by Kosuke Imamura).
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