Reported in The Australian.news.com.au(26/7/06)
“HOKUETSU Paper Mills is poised to become the first major Japanese company to use a poison-pill defence after it rejected an unsolicited $US1.2 billion ($1.6 billion) offer from Oji Paper,Japan‘s largest paper manufacturer.
Oji Paper threatened to launch a hostile tender offer after Hokuetsu failed to respond by Monday [...]

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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