Thursday, June 28, 2007

UPDATE 1-Bull-Dog wins court case vs Steel Partners-source

(Reuters) - TOKYO, June 28 - Japan's Bull-Dog Sauce has won a court case allowing it to erect anti-takeover defences aimed at thwarting a $260 million bid by U.S. hedge fund Steel Partners, said a source familiar with the situation.



Steel Partners had sought an injunction from the Tokyo District Court to bar the sauce maker from activating the defence, saying it discriminated against the fund and was financially damaging.


Read more at Reuters.com Mergers News

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