TBS to issue new shares, move seen as takeover defense
TOKYO, Japan - Tokyo Broadcasting System Inc. Managing Director Keizo Zaitsu (L) speaks as Executive Director Kenichiro Kidokoro looks on at a press conference in Tokyo on Aug. 31. Zaitsu said TBS will raise a total of about 28 billion yen in September by selling new and outstanding shares to Dentsu Inc. and three other companies to help finance new mobile phone and Internet-related businesses. The step is being regarded as a measure to increase friendly long-term shareholders and discourage a hostile takeover, since an investment fund led by financier Yoshiaki Murakami has reportedly acquired some TBS shares and is eyeing a management buyout. (Kyodo)
- Product Code
- ILEA000030021
- Registered date
- 2005/8/31 00:00:00
- Credit
- Kyodo / Kyodo News Images
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- 1654 × 1228 pixel
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- 225.69(KB)*
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