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Supplementary Document to Corporate Acquisition Guidelines Corrects the Misconception that "High-Priced Offers Cannot Be Refused," and Also Warns Against Management's Self-Preservation.
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On the 30th, the Ministry of Economy, Trade and Industry (METI) released a supplementary document to its "Action Guidelines" aimed at ensuring fair mergers and acquisitions (M&A). The document emphasizes that a "desirable acquisition" is predicated on an increase in corporate value, and corrects a misconception that the current guidelines imply that "high-priced acquisition offers cannot be refused."
·Japan
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