Sapporo asks Steel Partners to clarify aim of takeover bid

Sapporo asks Steel Partners to clarify aim of takeover bid

TOKYO, Japan - Sapporo Holdings Ltd. President Takao Murakami speaks at a news conference at the Tokyo Stock Exchange on March 1 as the company, the target of an unwanted takeover bid by U.S. hedge fund Steel Partners, said it has called on the fund to give more details on the purpose of the proposed acquisition. The move suggests that Sapporo, Japan's third-largest brewery, may exercise anti-takeover measures against Steel Partners. (Kyodo)

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