Steel Partners v. Bull-Dog Sauce
Aug 07, 2007OUTCOME: Bull-Dog Sauce lawfully exercised a poison pill following a bid for a hostile takeover.
Supreme Court of Japan case that resulted in a landmark decision regarding hostile takeover defense plans. Supreme Court held that takeover defense plans do not necessarily violate the principle of sh ... areholder equality under Japanese law, even if they result in discriminatory treatment some shareholders. Such decisions must be made by shareholders themselves, acting in the company's best interest, and they cannot be made by management to protect itself. http://en.m.wikipedia.org/wiki/SCOJ_2007_No.30#Supreme_Court_Decision
