UPDATE 2-Japan to tighten guidelines for management buyouts http://www.reuters.com/article/governmentFilingsNews/idUST9012420070718?sp=true
Wed Jul 18, 2007
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By Nathan Layne and Alison Tudor
TOKYO, July 18 (Reuters) - Japan's government is putting together stricter guidelines for buyouts amid growing criticism that minority shareholders are being fleeced by managers taking their companies private on the cheap. The guidelines, which call for better disclosure, a minimum period for the length of a tender offer, and the use of independent panels to protect shareholders, coincide with a sharp increase in the number buyouts over the past few years. http://www.reuters.com/article/governmentFilingsNews/idUST9012420070718?sp=true