bearish
Tokyo Kikai Seisakusho (6335) Court Approved Poison Pill Stalemate Extended (Means Selling)
382 Views19 Nov 2021 10:55
SUMMARY
- On 17 November, Tokyo Kikai Seisakusho (6335 JP) announced an agreement with ADC to hold off on issuing the rights against an ADC pledge to not call an EGM.
- On 18 November, the Supreme Court handed down its rejection of the Asia Development Capital (9318 JP) appeals.
- The immediate hostility is dialled back, the stalemate is extended. Every buyer from now on is a potential bagholder.
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