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Idemitsu Kosan defends merger plan, but experts say tender offer might be the only solution

By Toko Sekiguchi ( August 17, 2016, 10:13 GMT | Comment) -- Japan's Idemitsu Kosan is pushing back at attempts by the company’s founding family to foil a merger with Showa Shell Sekiyu, defending its plan to move forward as scheduled. With the stalemate over the proposed merger hardening, legal experts say Idemitsu Kosan may have to take the much more expensive route of making a tender offer instead of buying Showa Shell shares from Royal Dutch Shell, if the company decides to realize the merger.Japan's Idemitsu Kosan is pushing back at attempts by the company’s founding family to foil a merger with Showa Shell Sekiyu, defending its plan to move forward as scheduled. ...

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