Shinsei Bank opts for poison-pill defense against SBI bid -Nikkei


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TOKYO — Japan’s Shinsei Bank has decided on a poison-pill defense against SBI Holdings’ $1.1-billion bid, the Nikkei financial daily said on Friday.

Tokyo-based Shinsei aims to fend off SBI’s takeover attempt by issuing stock warrants to existing shareholders and diluting the holdings of SBI, Nikkei said. (Reporting by Makiko Yamazaki; Editing by Clarence Fernandez)