Shareholders in Japanese Steel Maker Block a Merger Deal - New York Times:
"Shareholders of the Tokyo Kohtetsu Company blocked a takeover on Thursday by a rival steel producer, the Osaka Steel Company, the first time in Japan that shareholders have vetoed a merger approved by the companies’ boards.
An investment fund, Ichigo Asset Management, started a rare proxy fight against what it saw as an unfair share-swap ratio for Tokyo Kohtetsu, a small but highly profitable maker"
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