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this post was submitted on 19 Sep 2023
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Japan's first successful hostile takeover only happened in June 2019
Many companies in Japan have keiretsu style cross shareholding,
These cross shareholding systems create a resistance towards hostile takeover, which have both its up and down sides, but at least it has resisted the likes of corporate raiders, e.g. Carl Icahn, where they acquire companies for asset stripping. Corporate raiders don't create values for society, it's to fatten payouts.
Sorry for the long reply, it's just for other users to get a glimpse on why hostile takeover is extremely rare in Japan, and probably doubly so when it comes to foreign hostile takeover.
Don't apologise, this is great insight. Thank you for your comment.
Very interesting, thank yoi