News: Capcom shareholders allow possibility of a takeover

Wednesday, 06 November 2024

News: Capcom shareholders allow possibility of a takeover

Added: 18.06.2014 14:29 | 8 views | 0 comments

Shareholders vote to end company's hostile takeover defences, leaving possibility for company to be bought.

News: Capcom shareholders allow possibility of a takeover news

This leaves Capcom open to a buyout should investors come in and buy a significant stake in the company.

The Japanese firm's takeover defence measures had been in place since 2008. A statement was released following the vote:

"Despite of non-approval of Renewal of Takeover Defense at the 35th Ordinary General Meeting of Shareholders, Capcom will continue to focus on further preserving and enhancing corporate value and common interests of its shareholders.

"If there is any large-scale purchaser of Capcom stock, we will react to make necessary measures within...