Investor Warnings Mount as Japan's Anti-Takeover Rules Raise Concerns Over Protectionism

Investors will warn the Japanese government this week that a planned revision to rules on anti-takeover defence risks giving companies stealth protections against hostile domestic bids, foreign buyers and shareholder activists. The investors, who are wary of more protectionism in a market where takeovers of listed companies are rare and managements are often loath to prioritise investors, told the Financial Times that the composition of the Fair Acquisition Study Group set up to debate the new rules appeared strongly skewed against shareholders’ interests.

Source : Investor Warnings Mount as Japan’s Anti-Takeover Rules Raise Concerns Over Protectionism