Tuesday, June 17, 2014
Capcom Open to Buyout as Takeover Defense Plan Abandoned
Capcom has announced that shareholders have voted to not renew the company's existing takeover-defense plan, a countermeasure instated six years ago to prevent a third party acquisition. With the 2008 defense measure abandoned, Capcom is vulnerable to buyout if any shareholder or group acquires a majority of its shares.
A statement issued from Capcom's Investor Relations report notes the company will continue to focus on enhancing corporate value and the interest of its shareholders. In the event of a hostile takeover, management will respond with the necessary legal measures within the "admissible limits of applicable laws and regulations." They will also make sure "there is sufficient time for shareholders to examine the proposed large-scale purchase and reach a decision."
This news does not guarantee the company will be bought out, but it does mean the possibility of an acquisition exists. It's also worth mentioning an offer is currently not on the table. Ultimately, though, this is something we will continue to observe from the sidelines.
Source: Capcom IR