Bull Dog’s deadline comes and goes; Steel Partners’ tender offer still on the table
July 4, 2007
By Ken Worsley
The management of Bull Dog had set today as the deadline for Steel Partners to withdraw its tender offer or be subject to a poison pill scheme designed to reduce its holdings in the company from about 10 to about 3 percent, but Steel Partners has refused to budge. The hedge fund says it has no reason to give up on the takeover bid before a ruling on an appeal by the Tokyo District Court is handed down. Steel Partners is challenging the legality of Bull Dog’s plans, and has expressed confidence that the court will agree with the fund.
Filed Under Law, M&A, Steel Partners
Social Bookmarks:
Related Posts:
More on Steel Partners and Bull-Dog: A hostile takeover bid or a much needed hostile wake-up call?
Steel Partners ups the ante for Bull Dog shares
Steel Partners all over the news: METI speaks up
Steel Partners cuts its bid price for Bull-Dog; Shares trading lower
Tokyo High Court Upholds Decision Against Steel Partners
Comments
One Response to “Bull Dog’s deadline comes and goes; Steel Partners’ tender offer still on the table”
Got something to say?
Last Month's Top 5 Stories
1. Fukuda steps down2. Number of foreign workers at Japanese firms leaps
3. Subprime buyins: Nomura at Lehman’s, Mitsubishi at Morgan Stanley
4. Bank of Japan: savings deposits exceed loan balances by a record 145 trillion yen
5. Sapporo Breweries to be Japan’s first firm to label products with their carbon footprint
Upcoming Economic Reports
October 1BOJ Tankan Survey
September Auto Sales
October 7
September Foreign Reserves
October 8
September Economy Watchers Survey
September Bankruptcies
October 9
August Machinery Orders
October 10
September Bank Loans
Jobs in Japan
From the Blogosphere
Japanese Wages Fall Again In June at Japan Economy Watch
Members of a Nation State at Neojaponisme
More Comments on Wai-Wai at Let's Japan
Will the real Ozawa please stand up? at Observing Japan
Posts on Recent Economic Reports
September 25Japan’s convenience stores loving the Taspo card; sales up 7.5% in August
September 24
Japan supermarket sales down 1.0% in August
September 22
Japan’s consumer confidence hits all-time low for third straight month in August
September 21
Central Tokyo office vacancies up for seventh straight month in August
September 19
Japan department store sales down 3.1% in August
View more economic reports »
Our Links
- Asia Business Intelligence
- Bank of Japan Statictics
- Cabinet Office English Homepage
- Center for Strategic and International Studies: Audio, Video & Transcripts
- China Business Daily
- Claus Vistesen’s Blog
- Columbia University Center on Japanese Economy and Business
- Council on Economic and Fiscal Policy
- Economic and Social Research Institute
- From the inside, looking in
- Global Talk 21
- Japan Business Federation - Nippon Keidanren
- Japan Considered
- Japan Economy Watch
- Japan Forum on International Relations
- Japan Inc
- Japan Labour Force Survey
- Japan Law Blog
- Japan Marketing News
- Japan News Review
- Japan Productivity Center
- JETRO - Japan External Trade Organization
- Ministry of Economy, Trade and Industry - Online Statistics
- Ministry of Finance
- Ministry of Finance - Policy Research Institute
- Ministry of Foreign Affairs - Economic Affairs Page
- Nikkei Real Estate Market Report
- NYU - Center for Japan-US Business and Economic Studies
- Observing Japan
- OECD - Japan Page
- Prime Minister and his Cabinet
- Seeking Alpha
- Small and Medium Enterprise Agency
- Steven Towns’ Blog
- Tokyo Stock Exchange
- Trans-Pacific Radio
- What Japan Thinks
- World Federation of Exchanges
Archives
Build the Network!
Bull Dog hands them cash and they can buy more shares with it. If the share price comes down enough, it will be at a sweet discount. Might it be time for a corporate scandal at Bull Dog?