Sapporo moves to try to block hostile takeover attemptBUSINESS ASIA by Bloomberg International Herald Tribune | March 28, 2007| | . Provided by ProQuest LLC. (Hide copyright information) Copyright

Kanoko Matsuyama
International Herald Tribune
03-28-2007
Sapporo Holdings, Japan's third-largest beer maker, hired Nikko Citigroup and Mizuho Securities to help it block a takeover attempt by Warren Lichtenstein's Steel Partners Japan Strategic Fund.Nikko Citigroup and Mizuho Securities will provide the brewer with advice should Steel Partners, which owns a 17.52 percent stake, make a hostile bid, a Sapporo spokesman, Katsuhito Ogawa, said Tuesday. The U.S. investment fund is seeking 66.6 percent of the brewer's voting rights.The beer maker last year introduced anti-takeover measures that ...

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