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NIPPON BROADCASTING TAKEOVER SAGA REVEALS LEGAL LOOPHOLES.
Publication: AsiaPulse News Publication Date: 24-FEB-05 |
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COPYRIGHT 2005 Asia Pulse Pty Ltd
TOKYO, Feb 24 Asia Pulse - The escalating takeover battle between Livedoor Co. (TSE:4753) and Fuji Television Network Inc. (TSE:4676) for Nippon Broadcasting System Inc. (TSE:4660) has shed light on the inadequacies in pertinent Japanese regulations.
Firstly, Japan lacks something similar to Revlon Duties, a U.S. legal principle based on a ruling by the Delaware Supreme Court emphasizing shareholder value as a...
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