(Reuters) - Dalton, which held 15.5 percent of Fujitec as of January,
had sent letters to shareholders urging them to vote against the
scheme, which allows Fujitec to issue equity warrants to dilute
the stake of a suitor deemed unsuitable.
Dalton, which is also pushing for a management buyout at
Nippon Fine Chemical Co. Ltd. , had said Fujitec's
defence measures would restrict shareholder rights and may
violate the spirit of Japanese securities laws.
Read more at Reuters.com Mergers News
had sent letters to shareholders urging them to vote against the
scheme, which allows Fujitec to issue equity warrants to dilute
the stake of a suitor deemed unsuitable.
Dalton, which is also pushing for a management buyout at
Nippon Fine Chemical Co. Ltd. , had said Fujitec's
defence measures would restrict shareholder rights and may
violate the spirit of Japanese securities laws.
Read more at Reuters.com Mergers News
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