TOKYO (Reuters) - Japan's Toshiba Machine 6104.T said on Wednesday it would officially oppose a takeover offer by activist investor Yoshiaki Murakami and hold a shareholders meeting on March 27 to seek approval for the adoption of defense measures.
The former Toshiba Corp 6502.T unit said the decision is based on a conclusion drawn up by an independent committee that discussed Murakami's proposal.
A takeover by Murakami is likely to hurt corporate and shareholder value, the molding machine company said. Murakami last month launched a bid of up to $235 million for control of the company.
Reporting by Makiko Yamazaki and Rocky Swift, editing by Louise Heavens
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