TOKYO, May 25 (Pulse News Wire) – Wood ONE CO.,LTD. (7898.T) announced plans to introduce its ninth anti-takeover strategy at its annual shareholders' meeting scheduled for June 26, 2026.
The move aims to protect the company's value and shareholder interests by ensuring large-scale share purchases adhere to certain procedures and conditions. The board resolved to implement this plan during a meeting held, with unanimous support from all directors, including external auditors. The existing eighth preemptive warning-type takeover defense measure will expire upon conclusion of the upcoming shareholders' meeting. Under the new plan, potential acquirers would need to disclose detailed information about their intentions and financial backing.
They must also comply with specific procedures outlined in the plan. The company’s board will evaluate such proposals thoroughly within set timeframes—up to 60 days for cash tender offers and up to 90 days for other types of acquisitions—to determine whether they align with the best interests of the company and its shareholders. In cases deemed harmful to the company’s value or shareholder interests, the board reserves the right to negotiate improvements with the acquiring party or take appropriate countermeasures. The introduction of this plan underscores the company’s commitment to maintaining robust governance and protecting long-term stakeholder benefits.
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