Capcom shareholders scrap plan that prevents hostile takeovers
: Today, Capcom announced that at its most recent investor meeting, its shareholders voted to end the company's hostile takeover defense -- which means that Capcom could now be acquired if a company buys up large amounts of its stock.
Many companies have defenses against a stock purchase takeover, and there are various schemes and strategies they can adopt to block a party from gaining control of the company by buying up its stock.
Capcom originally put such countermeasures in place in 2008 following a shareholder vote. This latest development won't stop the company's management from attempting to "react to make necessary measures within the admissible limits of applicable laws and regulations," the company said in its statement