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Capcom has opened itself to a possible takeover after shareholders voted during a recent investor meeting to end the company’s hostile takeover defence.
This leaves Capcom open to a buyout should investors come in and buy a significant stake in the company.
The Japanese firm’s takeover defence measures had been in place since 2008. A statement was released following the vote:
“Despite of non-approval of Renewal of Takeover Defense at the 35th Ordinary General Meeting of Shareholders, Capcom will continue to focus on further preserving and enhancing corporate value and common interests of its shareholders.
“If there is any large-scale purchaser of Capcom stock, we will react to make necessary measures within the admissible limits of applicable laws and regulations. In addition, we will react to take steps to ensure disclosure of the position of the board of directors and other information and that there is sufficient time for shareholders to examine the proposed large-scale purchase and reach a decision.”
Source: Gamasutra
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