Tokyo court blocks Toho Holdings poison pill in activist case
A Tokyo District Court blocked drug wholesaler Toho Holdings' takeover defence against an activist shareholder, granting an injunction requested in the case.
A Tokyo court on Friday blocked drug wholesaler Toho Holdings' TSE:8129 takeover defence against an activist shareholder, in a closely watched case as Japanese companies increasingly resort to 'poison pill' strategies against activist investors. The Tokyo District Court granted an injunction sought…