The Bull-Dog Sauce Takeover Defense
19 Pages Posted: 20 Nov 2007
Bull-Dog Sauce, a Japan-listed company, initiated the world's first full-fledged takeover defense to block efforts by Steel Partners, a US-based investment fund, to gain management control of the company. Japan's Supreme Court issued a ruling that approved of the takeover defense. This paper explains the details of the Bull-Dog Sauce court decisions and examines the prospective impact of those decisions.
Keywords: takeover, defense
JEL Classification: K22
Suggested Citation: Suggested Citation