Myojo Foods Fights Takeover Bid
Noodle maker Myojo Foods has declared its opposition to a $194 million takeover bid by Steel Partners, a U.S. hedge fund, and said it had hired Mitsubishi-UFJ Securities to advise it on its strategy. Steel Partners wants to acquire the 77% of the company it doesn't already own. Steel had earlier proposed an MBO but Myojo's executives declined. Yahoo!ファイナンス