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Iwatani emerges as potential Cosmo white knight with share buy
Iwatani will pay ¥105.3 billion, or ¥6,052 per share, to raise its stake in Cosmo to 19.93% from the current 0.07%.
The Japan Times
Japan's Cosmo braces for 'poison pill' anti-activist vote
Japan's Cosmo Energy Holdings <a href="https://www.reuters.com/markets/companies/5021.T" target="_blank">(5021.T)</a> could struggle to win shareholder backing for a revised "poison pill" strategy, its chief executive said on Friday, as the company seeks to defend itself from activist investors pursuing a hostile takeover.
Reuters
Cosmo Energy wins investor approval for 'poison pill' against activist
The approval marks the second such vote on a poison pill in Japan that excludes an investor, in a practice some governance experts say could deter shareholder activism.
The Japan Times
Cosmo CEO says controversial vote tactics justified in activist defense
A vote on a "poison pill" takeover defense will exclude Cosmo's largest shareholder grouping.
The Japan Times