Belgian glassmaker to oppose a takeover bid from Asahi Glass

The investors, who include international hedge fund and large Belgian financial institutions, say Asahi's E145 a share offer is too low. The deal highlights the risks investors face in residual takeovers. Most European countries give little protection for shareholders in companies where majority owners attempt a squeeze-out. Asahi's bid for Glaverbel is a case in point. Investors have little recourse to force Asahi to up its offer. However, if investors win a challenge to Asahi, it may set a precedent for other minority buyouts.