Two japanese Golf course operators involved in a hostile takover battle. PGM Holdings K.K (JP:2466) wanted to takover Accordia Golf co. (JP:2131). It was willing to pay $472 Mios. for a 50,1% satke.
As far as I can see Accordia didn't engage in poison pill arrangements to fend off the hostile bit, but rather planned to sell off Assets for a significant share buy back and increase dividends more than three fold to discourage existing shareholders selling out to PGM.
Another Hostile Bid Flops In Japan (Wall Street Journal)
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