Fuji Media Shares Dip After Company Floats Poison Pill Defense
Fuji Media said it will consider issuing free stock acquisition rights if an investor buys up 20% or more of its voting shares.
Photographer: Kiyoshi Ota/BloombergFuji Media Holdings Inc. shares fell 4.2% after the broadcaster said it’s considering measures to stop one of Japan’s most prominent activist investors from gaining control of the firm.
Since February, the Japanese entertainment and news conglomerate held several meetings with activist investor Yoshiaki Murakami and his daughter Aya Nomura, according to a company statement Thursday.