Tokyo Kikai Seeks Panel Opinion on Halt to Takeover Defense
Tokyo, Nov. 25 (Jiji Press)--Japanese newspaper printing press maker Tokyo Kikai Seisakusho Ltd. <6335> said Thursday it has asked an independent panel for opinion about canceling its plan to invoke a defense measure against a takeover bid by Asia Development Capital Co. <9318>.
The announcement came after Tokyo Kikai received on Wednesday a written reply from Asia Development Capital, a Tokyo-based investment company, showing its intention to fully call off its takeover bid.
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