Japan's Shinsei Bank to use poison-pill defence against SBI's unsolicited $1.1b bid

Japan's Shinsei Bank to use poison-pill defence against SBI's unsolicited $1.1b bid

The Shinsei Bank logo is pictured at the lobby of the bank in Tokyo October 22, 2010. REUTERS/Yuriko Nakao

Shinsei Bank‘s board has decided to use a poison-pill defence against an unsolicited $1.1 billion bid from shareholder SBI Holdings, the Japanese lender said on Friday, as it scrambles for ways to thwart the takeover.

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