Tag - mergers

 
 

MERGERS

Japan Times
BUSINESS / Companies
Oct 16, 2018
Idemitsu chief Shunichi Kito to head new firm after merger with rival Showa Shell
The company to be formed through a merger between major oil refiners Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. will be led by Idemitsu President Shunichi Kito, company sources said Tuesday.
Japan Times
BUSINESS / Companies
Jul 10, 2018
Japanese refiner Idemitsu wins family backing for Showa Shell merger
The two oil refiners said Tuesday they have agreed to merge April 1, after Idemitsu's founding family dropped its long-standing opposition to the plan.
Japan Times
BUSINESS / Companies
Jun 27, 2018
Idemitsu Kosan resumes talks with founding family on Showa Shell merger
The son of founder Sazo Idemitsu and other relatives have argued that their firm's philosophy of treating employees as family is incompatible with Showa Shell's corporate culture.
Japan Times
BUSINESS / Companies
Jun 26, 2018
New Xerox CEO calls Fujifilm's bid to renew merger talks 'delusional,' casts shadow over Fuji Xerox venture
Xerox Corp. CEO John Visentin blasted his Fujifilm Holdings Corp. counterpart's efforts to revive merger talks and warned that he doesn't plan to renew the companies' Asia joint venture Fuji Xerox in 2021.
BUSINESS / Companies
Jun 22, 2018
New York judge rejects Fujifilm bid to dissolve Xerox deal injunction
Fujifilm Holdings Corp. failed to persuade a Manhattan state judge to dissolve an order barring its planned merger with Xerox Corp., cutting off a possible option for keeping the deal alive.
Japan Times
BUSINESS / Companies / FOCUS
May 9, 2018
Challenges await Takeda after $62 billion Shire victory
Takeda Pharmaceutical Co.'s Chief Executive Officer Christophe Weber navigated rebuffs, critics and a plunging stock price to win a $62 billion (¥6.8 trillion) deal to acquire larger rival Shire Plc.
Japan Times
BUSINESS / Companies
May 9, 2018
Japan's Recruit Holdings buys U.S. job site Glassdoor for $1.2 billion
Through the tie-up, Recruit will gain access to extensive content such as employee reviews, while Glassdoor will seek to accelerate its push into markets outside the U.S.
EDITORIALS
May 2, 2018
Telecom deal would help and challenge Son
While Masayoshi Son will lose control of Sprint, the deal — if approved — will loosen financial constraints on his other businesses.
Japan Times
BUSINESS / Companies
May 2, 2018
Xerox CEO resigns as lawsuit puts Fujifilm deal at risk
Xerox's chief and six board members agree to step down in a victory for businessman Carl Icahn in his battle against the firms's $6.1 billion takeover by Fujifilm.
BUSINESS
Apr 30, 2018
Sainsbury grocer to add Asda in $10 Billion deal with Walmart
U.K. grocer J Sainsbury PLC plans to buy Walmart Inc.'s Asda in a £7.3 billion ($10 billion) deal that would transform the country's supermarket industry and leave the U.S. retailer as the combined company's biggest shareholder.
EDITORIALS
Apr 29, 2018
Competitive policy amid the falling population
With the population shrinking, markets are contracting. The government needs to decide how best to maintain competition between companies in such an environment.
BUSINESS / Markets
Feb 3, 2018
Cryptocurrency groups squabble over merger as shadow of regulation looms
Two Japanese groups vying to oversee the virtual-currency industry can't agree on terms for a merger seen as vital to warding off deeper government regulation.
Japan Times
BUSINESS / Companies
Dec 20, 2017
Japan's Idemitsu and Showa Shell to merge key operations next spring
Japanese refiners Idemitsu Kosan Co. Ltd. and Showa Shell Sekiyu K.K. will combine management of their key businesses, an Idemitsu spokesman has said, pursuing a merger bitterly opposed by a core investor — Idemitsu's founding family.
Japan Times
BUSINESS
Nov 6, 2017
Japan's regional banks, facing demographic challenges, turn to deal-making for revenue
The grim outlook for smaller regional banks, who are suffering as the rural population shrinks rapidly, is prompting some to dive into a new, potentially lucrative line of business that until now was largely taboo: mergers and acquisitions.
BUSINESS / Companies
Nov 2, 2017
SoftBank expects final bid for Sprint-T-Mobile merger this week as prospects for deal fade fast
SoftBank Group Corp. is waiting to hear back from Deutsche Telekom AG on an 11th-hour bid to save a merger between Sprint Corp. and T-Mobile U.S. Inc. as the chances for a deal dwindle fast, according to people familiar with the matter.
EDITORIALS
Aug 20, 2017
Learning from overseas M&A cases that went wrong
Japanese companies that have an appetite for overseas M&As should first learn from the mistakes of others.
Japan Times
COMMENTARY / Japan
Jul 28, 2017
Make Japan Inc. great again
Japanese firms must acquire a taste for startup mergers and acquisitions, if the nation is to regain its global competitive advantage.
Japan Times
BUSINESS / Companies
Jul 20, 2017
Oil distributor Idemitsu moves closer to merger as high court upholds new share offering
Idemitsu Kosan Co. has taken another step toward merging with Showa Shell Sekiyu K.K. after the Tokyo High Court upheld a lower court decision to allow a public offering of new shares.
Japan Times
BUSINESS / Companies
Jul 18, 2017
Court OKs Idemitsu share offering in step forward for merger plan
A Tokyo court on Tuesday approved Idemitsu Kosan Co.'s plan to issue new shares for a public offering, a decision that could propel the oil distributor's stalled plan to merge with Showa Shell Sekiyu K.K.
Japan Times
BUSINESS
Jul 12, 2017
Nation's regional banks facing choice of mergers or extinction
Hiroshi Iwama and Mitsunori Watanabe used to joke about merging their banks in central Japan. When the Bank of Japan introduced negative interest rates last year, things got serious.

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