TOKYO -- Japan's Shinsei Bank on Friday decided to introduce a defensive measure against a $1 billion unsolicited tender offer by SBI Holdings, escalating tensions between the rival financial groups in what is shaping up to be a hostile takeover.
Finance
Shinsei Bank's poison pill slammed by SBI as standoff escalates
Lender plans to issue new shares while suitor weighs court action
SBI plans to spend up to 110 billion yen ($1 billion) to increase its stake in Shinsei Bank to 48%.
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