TOKYO, May 26 (Pulse News Wire) – UNIVANCE Corporation (7254.T) decided to extend its existing share buyout defense policy until June 26, 2026. The board confirmed the continuation of the policy during a meeting held on May 26, subject to shareholder approval at the upcoming annual general meeting scheduled for June 26, 2026.
The policy includes measures such as requiring potential acquirers to disclose comprehensive information prior to initiating large-scale share purchases, allowing the board time to evaluate the proposals. Additionally, the company reserves the right to implement countermeasures deemed necessary to protect corporate value and shareholder interests if deemed appropriate.
The board emphasized the importance of ensuring shareholders have adequate information and evaluation periods to make informed decisions regarding large-scale share acquisitions. Independent committee oversight ensures fairness and transparency in implementing any countermeasures.
Shareholders approved previous iterations of the policy in past meetings, recognizing its role in safeguarding corporate governance and protecting long-term shareholder interests.
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