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Shinsei Bank Board Adopts Takeover Defense against SBI

Shinsei Bank Board Adopts Takeover Defense against SBI

   Tokyo, Sept. 17 (Jiji Press)--Shinsei Bank's <8303> board of directors decided Friday to adopt a measure to fend off an attempt by major Japanese online financial service company SBI Holdings Inc. <8473> to take control of the bank.
   The measure is designed to lower SBI's equity stake in Shinsei Bank by issuing stock-purchase warrants that can be exercised by the major Japanese bank's shareholders other than SBI.

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AFP-JIJI PRESS NEWS JOURNAL


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