Descente Makes Peace with Itochu
Descente has reached a power-sharing agreement to head off a hostile takeover from Itochu, its largest shareholder, that will reconstitute its board with two directors appointed by each company and two independent outside directors. Descente president Masatoshi Ishimoto will retire and be replaced by Itochu executive Shuichi Koseki, who will also serve on ... Log in to view full article.
