TOKYO, May 12 (Pulse News Wire) – Osaka Soda CO.,LTD. (4046.T) decided at its board meeting today to discontinue its share acquisition defense plan effective upon the conclusion of its 171st Ordinary General Meeting of Shareholders scheduled for June 26, 2026.
The company introduced the plan in 2008 with shareholder approval at its 153rd Ordinary General Meeting of Shareholders to maintain and enhance corporate value and shareholder interests. Most recently, the plan was renewed at the 168th Ordinary General Meeting held on June 29, 2023, extending its validity until the upcoming general meeting's conclusion. After careful consideration of stakeholder opinions, recent trends in acquisition defense strategies, and changes in the operating environment, the board resolved to terminate the plan.
Following its discontinuation, Osaka Soda intends to focus on sustainable growth and long-term corporate value enhancement through initiatives such as its medium-term management plan and engagement with stakeholders. Furthermore, the company stated that it will continue to seek necessary time and information for shareholders to make informed judgments regarding significant share acquisitions post-plan termination. It also emphasized respecting independent outside directors' views while implementing appropriate measures based on applicable laws and regulations.
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