Mitsui Fudosan to pay $1.2 bil in white-knight bid for Tokyo Dome

https://www.reuters.com/article/us-tokyo-dome-m-a-mitsui-fudosan-idUSKBN2870RX

“TOKYO (Reuters) – Japanese property developer Mitsui Fudosan Co said on Friday it would pay $1.2 billion to buy ballpark operator Tokyo Dome Corp, a white-knight bid likely to help fend off prominent activist fund Oasis Management.

Tokyo Dome, which owns the home stadium of the Yomiuri Giants baseball team, has been under pressure from Hong Kong-based Oasis. The fund has called for the removal of board members, including Tokyo Dome’s president, and a change in operations”.