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Japanese publisher builds a safety wall but admits takeover talks could be on the cards...
Following the rampant mergers and acquisitions spreading throughout the videogames industry, Capcom today announced plans to implement safeguard measures against large-scale purchases of the publisher's shares and any outside acquisition activities.
Pending approval at the company's 29th Annual Shareholders' Meeting, the plan put forward unanimously by the board is to safeguard against any hostile takeover activity with a series of measures laid out should any offer trigger what is deemed as unacceptable to the company's corporate value.
Despite the move, Capcom has stated that it has not received any offers or notice of such a proposed move, but believes that due to current market conditions such a move could be possible.
"Under such a severe business environment, in order to survive the competition, we acknowledge that the most essential issue is to establish a structure which enables responses to changes in the management environment."
Yet despite the move, Capcom does suggest that should a Large-scale Share Offer be submitted that complies with: a Statement of Intention to the Board of Directors; provides sufficient information; and meets the requirements set out by the Large-scale Share Purchase Rules, it would then establish an independent committee to look at such offer for approval.