Japan moves to help steelmakers avoid takeovers

Newswire

By Yuko Inoue TOKYO, Aug 25 (Reuters) - Japan's trade ministry, worried about Mittal Steel's rapid growth, is exerting its influence to help the country's steel companies avoid hostile takeovers. The Ministry of Economy, Trade and Industry is stepping up pressure on the country's anti-monopoly watchdog to ease competition rules in order to allow more consolidation among Japanese steelmakers. At the same time, it is urging steelmakers to adopt "poison pills" to ward off hostile takeover ...

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