Japanese banks less reluctant to finance hostile takeovers
TOKYO - Japanese banks have become less reluctant to finance hostile acquisitions because the government's new takeover guidelines have shaken off the taboo on such deals, Japan's new banking lobby chief said.
"Banks were previously worried about reputational risks" in helping unsolicited bids, Fukutome said in an interview. "But I believe new takeover guidelines from the industry ministry last year have helped lower psychological hurdles." The Ministry of Economy Trade and Industry last year released new M&A guidelines aimed at cracking down on excessive defence tactics, removing a long-held stigma around unsolicited bids and spurring corporate takeovers.
"The atmosphere for unsolicited bids is changing, and we've seen a rise in such deals in our pipeline," he added.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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