Oasis’s Past Success: PanaHome/Panasonic Takeover
As Oasis has already shown, minority shareholders in Japan can protect their rights and win!
Panasonic Corporation’s recent takeover of its publicly listed subsidiary PanaHome Corporation shares many similarities with Alps’ proposed takeover of Alpine.
Panasonic also sought to take over PanaHome well below its fair value. Oasis began a public campaign to protect PanaHome’s shareholders. In reaction to the growing pressure, Panasonic changed from a share swap agreement to a cash tender offer at an additional 20% premium.
Oasis still believes this price is too low, and will pursue its appraisal rights through the Japanese courts. Visit www.protectpanahome.com for further details and updates.