Gas company Iwatani plans to buy a stake of about 20% in Cosmo Energy from a group of activist investors, potentially serving as a white knight for the major oil refiner. https://www.japantimes.co.jp/business/2023/12/01/companies/iwatani-cosmo-white-knight/?utm_content=bufferaf6de&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #iwatani #energy #oil #gas #cosmoenergy

Cosmo braces for vote
Poison pill strategy looms
Shareholders uncertain

#cosmoenergy #japan #activistinvestors #shareholdervote #haiku #poetry

https://www.reuters.com/business/energy/japans-cosmo-braces-poison-pill-anti-activist-vote-2023-11-10/

Shareholders of Cosmo Energy Holdings approved a "poison pill" takeover defense on Thursday, in a controversial vote with implications for hostile takeover attempts in Japan. https://www.japantimes.co.jp/news/2023/06/22/business/corporate-business/cosmo-energy-poison-pill-defense/?utm_content=bufferfb41b&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #news #corporate #investments #acquisitions #cosmoenergy

Cosmo Energy Holdings will exclude its largest shareholder grouping from a vote on a "poison pill" takeover defense as the group's plans may conflict with the interest of general shareholders. https://www.japantimes.co.jp/news/2023/05/25/business/corporate-business/cosmo-takeover-vote/?utm_content=bufferfc381&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #news #corporate #acquisitions #mergers #cosmoenergy #shigeruyamada