Capcom’s money troubles of late have been no secret in the gaming world. Now the company has announced it will end its takeover defense.
The 35th Ordinary General Meeting of Shareholders of Capcom Co., Ltd. was held today, June 16, 2014. At this meeting, the shareholders did not approve our third proposal: Renewal of Countermeasures in response to a Large-Scale Purchase of Shares of the Company (Takeover Defense).
This means any company that buys up enough shares could own Capcom. Now, this doesn’t mean the company will sit idly by if someone does start buying up a large amount of stock. According to an official statement…
If there is any large-scale purchaser of Capcom stock, we will react to make necessary measures within the admissible limits of applicable laws and regulations. In addition, we will react to take steps to ensure disclosure of the position of the board of directors and other information and that there is sufficient time for shareholders to examine the proposed large-scale purchase and reach a decision.
Still, should Nintendo or Sony decide that Monster Hunter is worth owning all of Capcom for, this might not be the last we hear of this decision.
