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© KYODOShinsei Bank to oppose SBI takeover bid
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The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODO
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David Brent
LOL! These do not exist in Japan.
Hap Smith
Misleading headline there.
It is not that Shinsei opposes the offer. Shinsei, or at least its owners, the shareholders have not yet been given a chance to voice their opinion on whether to sell their shares.
It is the management and directors that are set to oppose. Given that they have a fairly material interest in the transaction not happening, ie keeping their jobs, they should not be in a position to block the bid. This should be purely a matter for shareholders to consider.