TBS to issue new shares, move seen as takeover defense

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.

TBS to issue new shares, move seen as takeover defense

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)

Baseball: Hawks' Kidokoro wins interleague MVP honors

Baseball: Hawks' Kidokoro wins interleague MVP honors

SoftBank Hawks outfielder Ryuma Kidokoro poses for a photo in Chikugo, Fukuoka Prefecture, on June 22, 2016, after being named Nippon Professional Baseball's interleague MVP and earning 2 million yen in prize money. The 30-year-old led interleague play with a .415 batting average. (Kyodo) ==Kyodo