I. TOKYO HIGH COURT’S DECISION
CERTAIN OF minority holders of shares (the “Shares”) of a classified stock whose holder is required to sell all of his/her Shares upon demand by the relevant issuer, i.e., Rex Holdings Co., Ltd. (“Former Rex”), a Japanese corporation, filed a petition for a decision on a price (the “Price”) of a Share, in connection with a squeeze-out, which was conducted, by means of using such classified stock, on the occasion of Former Rex’s management buyout (the “MBO”).

Former Rex was acquired by a company (“Current Rex”) previously called AP8 Co., Ltd. (“AP8″) and currently called Rex Holdings Co., Ltd., on September 1, 2007. The Tokyo District Court (the “Court”) issued a decision (the “High Court’s Decision”) on September 12, 2008 (1301 Kinyu-Shoji-Hanrei 28) in respect of such petition. The following are the most significant points of the High Court’s Decision:

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]