{"id":5341,"date":"2006-11-28T00:00:00","date_gmt":"2006-11-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"japanese-noodle-maker-evades-clutches-of-us-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2006\/japanese-noodle-maker-evades-clutches-of-us-hedge-fund.html","title":{"rendered":"Japanese noodle maker evades clutches of US hedge fund"},"content":{"rendered":"<p>  <span class=\"mainarttxt\">TODAYonline &#8211; Japanese noodle maker Myojo Foods said it successfully evaded a hostile takeover attempt by a US hedge fund thanks to a white knight counter-bid from industry  giant Nissin Food Products.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">The tender offer by Steel Partners Japan Strategic Fund, the Japanese arm of the US hedge fund, ended unsuccessfully after shareholders shunned the 700 yen per share bid,  Myojo said.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">&#8216;The number of shares offered or purchased by Steel Partners&#8217; tender offer was zero,&#8217; said Myojo in its statement.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">The noodle maker urged its stakeholders to accept Nissin&#8217;s offer of 870 yen per Myojo share that will close on Dec 14, saying a business and capital tie-up between the  firms would boost shareholder value.<\/span><\/p>\n<p>  <a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/8-0&amp;fd=R&amp;url=http:\/\/www.todayonline.com\/articles\/157345.asp&amp;cid=0&amp;ei=VfZrRc_mCYWkpQLWtb2EDQ\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TODAYonline &#8211; Japanese noodle maker Myojo Foods said it successfully evaded a hostile takeover attempt by a US hedge fund thanks to a white knight counter-bid from industry giant Nissin Food Products. The tender offer by Steel Partners Japan Strategic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5341","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5341"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5341\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}