TBS to issue new shares, move seen as takeover defense

TBS to issue new shares, move seen as takeover defense

TOKYO, Japan - Financier Yoshiaki Murakami (R) speaks at a press conference at the Tokyo Stock Exchange on Aug. 31 after Tokyo Broadcasting System Inc. announced plans to raise a total of about 28 billion yen by selling new and outstanding shares to Dentsu Inc. and three other companies. Murakami tacitly criticized the TBS move, saying, ''In capital increases, it should be taken into account whether there are real fund needs.'' Murakami declined to comment on whether he owns TBS shares.

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  • ILEA001110761
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