Capcom has announced that the Japanese publisher’s six year-old takeover defence, designed to block third parties from acquiring a controlling stake in the company, will not be renewed.
Capcom instated the countermeasure in 2008 to block hostile stock purchase takeovers. The defence was abandoned in a recent shareholder meeting in Japan.
Capcom’s management has stated that the company will “react to make necessary measures within the admissible limits of applicable laws and regulations” in the case of a takeover bid following the decision.
