TOKYO, May 28 (Pulse News Wire) – Nagahori Corporation (8139.T) extended its share buyout defense plan until June 2027, contingent upon shareholder approval at its upcoming annual general meeting scheduled for late June 2026. The move follows concerns over continued aggressive share acquisitions by Re-Generation Co.
And associated shareholders, who collectively hold more than 30% of Nagahori's shares. The board determined that extending the plan was necessary due to ongoing activities aimed at influencing the company’s long-term value and shareholder interests.
Additionally, the company disclosed legal and regulatory issues involving Re-Generation and its representatives, raising further doubts about their intentions towards controlling the firm. In light of these developments, Nagahori will seek shareholder consent to amend and extend the existing defensive measures, which include issuing free warrants to dilute potential hostile takeovers.
The revised plan would remain effective until the conclusion of the next annual general meeting in June 2027, subject to shareholder approval.
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