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Japan’s Shinsei Bank forms independent panel to respond to SBI takeover bid

Japan's Shinsei Bank Ltd forming a panel of independent directors to weigh its response to a takeover bid from SBI Holdings. (AFP)
Japan's Shinsei Bank Ltd forming a panel of independent directors to weigh its response to a takeover bid from SBI Holdings. (AFP)
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06 Oct 2021 04:10:44 GMT9
06 Oct 2021 04:10:44 GMT9

Japan’s Shinsei Bank Ltd is forming a panel of independent directors to weigh its response to a takeover bid from SBI Holdings, so as to ensure the “fairness and objectivity of the evaluation,” it said on Wednesday.

On Tuesday, the Kyodo news agency said Shinsei would officially object to the takeover bid. 

Reuters

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