Tokyo court blocks Toho Holdings poison pill against activist
Tokyo District Court blocked Toho Holdings' takeover defence against an activist shareholder in a closely watched test of Japan’s anti-activist poison pill strategies.
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 turn to poison pill strategies against activist investors. The Tokyo District Court granted an injunction, according to the source text.