Fidelity Japan opens to bids for potential merger

Fidelity Japan opens to bids for potential merger

Fidelity Japan will be open to bids for a potential merger from other investment trusts if its upcoming continuation vote is approved, according to a stock exchange announcement this morning (17 April). It received a merger proposal from AVI Japan Opportunities earlier this month but has since been met with “a small number of unsolicited and credible indicative proposals from outside parties”. The board will therefore “invite formal proposals to…

Fidelity Japan bows to the inevitable and launches strategic review - QuotedData

Fidelity Japan’s board has been talking to its shareholders post the announcement of its results and ahead of the upcoming continuation vote at its AGM. It now has the impression that shareholders will not support its continuation. It also says that it has subsequently received a small number of unsolicited and credible indicative proposals from …