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International Business Mergers and Acquisitions in Japan pp 123–138Cite as

Unfriendly Takeovers

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Abstract

This chapter will not only cover theories related to unfriendly takeovers, but will also outline several cases of unfriendly takeovers in Japan within the past 40 years. In recent years the amount of unfriendly takeovers taking place has been increasing in Japan. Furthermore the acquisition of Sanyo Denki by Panasonic and the hostile takeover attempt of Noritz Kitchen by Steel Partners will be presented. Also, the defense measures against unfriendly, also known as “poison pills” will be discussed.

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Notes

  1. 1.

    Bainbridge (2012) refers to a premium at 30–50 % for US deals (p. 46) and Inoue (2010) refers only to a premium of 7 % for his Japanese sample (p. 122).

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Authors and Affiliations

  1. Kobe University Research Institute for Economics & Business Administration (RIEB), Kobe, Hyogo, Japan

    Ralf Bebenroth

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  1. Ralf Bebenroth
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Correspondence to Ralf Bebenroth .

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Bebenroth, R. (2015). Unfriendly Takeovers. In: International Business Mergers and Acquisitions in Japan. Springer, Tokyo. https://doi.org/10.1007/978-4-431-54989-5_9

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