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Mobile muddles causes Capcom shareholders to lift block on hostile takeovers

Takeover defence plans scrapped

Mobile muddles causes Capcom shareholders to lift block on hostile takeovers

Capcom has opened itself up the possibility of a takeover, with the Japanese giant reversing an earlier decision that restricted the possibility of a hostile move by a single party buying up a controlling number of shares.

Said decision was made back in 2008.

However, the company has now revealed that, at its last shareholder meeting, the previous ruling was overturned, opening the company back up to potential stock purchase takeovers.

'Below expectations'

Though Capcom is looking to make more of mobile, its efforts are yet to pay off, with the firm having revealed back in March that both its smartphone and PC operations have been performing "consistently below expectations".

Shareholders, it seems, are keen for any kind of shake up that might turn the company's fortunes around.

"If there is any large-scale purchaser of Capcom stock, we will react to make necessary measures within the admissible limits of applicable laws and regulations," Capcom's statement reads, eager to dispel any sentiments of vulnerability.

"In addition," it continues, "we will react to take steps to ensure disclosure of the position of the board of directors and other information and that there is sufficient time for shareholders to examine the proposed large-scale purchase and reach a decision."

[source: Capcom]


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Dedan Anderson
title seems to be contradicted in the body of the article o.O "Mobile muddles causes Capcom shareholders to lift block on hostile takeovers" vs "It's unknown whether such hard times [because of mobile underperformance] are what triggered this shift in stance."
jon jordan
Thanks for pointing that out. Have re-edited the article