At a shareholder meeting held yesterday, June 16, Capcom shareholders did not approve a proposal that would renew the company’s existing takeover defense. The countermeasure, which was originally adopted in 2008, kept Capcom from being bought out through a hostile takeover.
Very little is known as to how this will affect the company in the near future, but they are now open to a buyout from external entities should a majority of its stock be purchased.
According to Capcom’s official statement, they “will continue to focus on further preserving and enhancing corporate value and common interests of its shareholders” despite the non-approval and, if Capcom shares are acquired by a large-scale purchaser, they are ready “to make necessary measures within the admissible limits of applicable laws and regulations.”
Capcom’s full press release has been included below.