In Boost for Governance, Mitsubishi Estate Removes Takeover Defense and Announces Large Buyback
Mitsubishi Estate made a surprisingly positive change to its shareholder orientation by announcing the removal of its takeover defense measures and its first-ever share buyback.The company originally introduced the takeover defense measures in 2007, when the large unrealized gains on its numerous office properties in the Marunouchi district between Tokyo Station and the Japanese Imperial Palace attracted some attention from activist investors. After instituting the takeover defense plan in 200...
Mitsubishi Estate is a real estate company. The Building segment is engaged in the development and leasing of office buildings. The Lifestyle Property segment is engaged in the development, leasing and operation of retail properties. The Residential segment is engaged in the construction and sale of condominiums and single-family houses. The International segment is engaged in the real estate leasing and development in the U.S., U.K. and Asia. The Architectural Design & Engineering segment is engaged in the design and administration of construction and civil engineering projects. Co. also operates hotels and provides real estate investment and brokerage services.
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