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Topic: Myojo


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In the News (Mon 7 Dec 09)

  
  Steel Partners in bid to buy Japan noodle maker - Boston.com
Myojo executives said they were examining Steel Partners' offer but had not decided whether to endorse it.
Steel Partners said it is happy with the performance of Myojo's managers and hopes to keep them in place after buying the firm, though mending relations if they oppose the tender could be difficult.
Myojo, which is Japan's fourth-ranked maker of instant ramen noodles, estimates a group recurring profit of 1.76 billion yen for the 12 months ended September 30, up from 1.24 billion yen the previous year.
www.boston.com /business/articles/2006/10/27/steel_partners_in_bid_to_buy_japan_noodle_maker   (490 words)

  
 Investor's Business Daily: Breaking News
As a major long-term shareholder of Myojo, SPJSF has engaged in meaningful dialogues with management and plans to continue to make suggestions and recommendations to Myojo's management and board of directors that are in the best interests of all Myojo shareholders.
Myojo's management, however, should not wrongfully assume or interpret this to mean that SPJSF intends to leverage its large shareholding to coerce or manipulate management and corporate policies.
Myojo wants you to believe that the lack of experience of SPJSF and SPV II is relevant to your decision as a stockholder of whether or not to tender your shares in the offer.
www.investors.com /breakingnews.asp?journalid=45586909   (1684 words)

  
  DAILY STAR: Business
Last month, the fund -- which is the largest shareholder in Myojo with a 23.1 percent stake -- announced a tender offer to take a full control of the company but Myojo immediately rebuffed the approach.
Lichtenstein said that the fund had held several rounds of discussions with Myojo management about its intention to increase its stake so the bid was not unexpected.
Myojo said its current management team would remain in place after any tie-up with Nissin which would a create a cup-noodle giant controlling more than 50 percent of Japanese instant-noodle output.
www.visayandailystar.com /2006/November/16/businessnews2.htm   (410 words)

  
 FLEXNEWS - Japan's Nissin Bids for Myojo to Block U.S. Fund
After announcing the move, Myojo's shares were flooded with buy orders at 856 yen as of 0408 GMT, a 10 percent premium on their last traded price.
Steel Partners is already Myojo's top shareholder with a 23.1 percent stake, but Myojo managers have opposed its attempt to buy the rest of the company, saying the fund has no compelling business plan for the firm.
Myojo shares have traded above Steel Partners' offer price since the day the tender was announced, on expectations that Steel Partners would sweeten its bid or Myojo would find a higher-paying friendly investor.
www.flexnews.com /pages/5800/Nissin/japans_nissin_bids_myojo_block_us_fund.html   (639 words)

  
 U.S. Investment Fund Announces Takeover Bid for Myojo Foods - Technology - RedOrbit   (Site not responding. Last check: 2007-10-09)
It said it is only after investment gains but aims to hold the shares over the long term in the belief that their price has been undervalued in light of the food maker's strong business performance.
Myojo Foods said it has yet to decide how to respond to the offer.
Myojo Foods is listed on the Second Section of the Tokyo Stock Exchange and has a popular line of instant noodles brands.
www.redorbit.com /news/technology/710136/us_investment_fund_announces_takeover_bid_for_myojo_foods/index.html?source=r_technology   (373 words)

  
 Nissin may play white knight for Myojo | The Japan Times Online
Myojo is asking industry leader Nissin for help fending off a hostile takeover bid by U.S. investment fund Steel Partners Japan Strategic Fund.
Myojo Foods has received capital alliance offers from several other investment funds as well as a Taiwan food manufacturer, but judged it would be desirable to tie up with an industry peer, rather than an investment-oriented fund, to strengthen its business, according to the officials.
Myojo Foods has rebuffed Steel Partners' bid as an attempt to make short-term profits and of no benefit to shareholders.
search.japantimes.co.jp /cgi-bin/nb20061111a1.html   (501 words)

  
 Taipei Times - archives   (Site not responding. Last check: 2007-10-09)
Myojo turned to Nissin for the alliance after deciding that Steel Partners' takeover bid would not benefit its corporate value, Japan's fourth-largest instant noodle maker said.
Myojo shares closed up 13.3 percent at a daily upper limit of ¥861 yesterday on the Tokyo Stock Exchange's first section, while Nissin fell 1.1 percent to ¥3,440.
Myojo has said the US fund only aims to obtain short-term profits and has no prospects for Myojo's management over the long term.
www.taipeitimes.com /News/worldbiz/archives/2006/11/16/2003336600   (688 words)

  
 Myojo Foods, instant noodles, instant bee hoon, bowl noodles, packet noodles
Myojo has worldwide network, that are affiliated companies in Singapore and United States, cooperative company in Malaysia.
Myojo is the first company to manufacture instant noodle in Singapore since February 1971.
From the initial most popular Myojo Chicken Tanmen which was much sought after by consumers, our product range has been increased to present stage of 20 varieties which comes in the form of packet, bowl and cup to cater to the needs of the locals as well as overseas market.
www.myojosingapore.com /aboutus.htm   (291 words)

  
 Nissin Food offers $108 million for Myojo stake - Marketplace by Bloomberg - International Herald Tribune
Nissin is offering a 31.4 percent premium on the average Myojo share price during the past three months of ¥662, the two companies said.
Myojo on Oct. 31 said Steel Partners' tender offer would not increase the corporate value of Myojo.
Myojo, which was founded in Japan in 1950, sells Chicken Tanmen quick cooking soup noodles, has six factories and owns over 20 sales branches throughout Japan, according to its Web site.
www.iht.com /articles/2006/11/15/bloomberg/sxnoodles.php   (874 words)

  
 Thai Food | Thai grocery | Thai curry | Thai ingredients | Cookware Online ::: GroceryThai.com
Myojo Duck from Myojo is very tasty noodle.
Not like other, the Myojo noodle is tender and soft.
Myojo duck flavor is a duck in five spices.
www.grocerythai.com /myojo-duck-p-503.html   (91 words)

  
 Noodle Maker Myojo Slipping Away From Bidder - Forbes.com   (Site not responding. Last check: 2007-10-09)
That was a 24.3% premium to the 700 yen ($5.93) takeover bid last month from Steel Partners, the U.S. hedge fund led by Warren Lichtenstein.
Myojo’s shares jumped 100 yen (84.7 cents) Wedneday, to 861 yen ($7.29).
Steel Partners had quietly amassed a 23.1% stake in Myojo before presenting its bid for the rest of the company, which would cost it 29.82 billion yen ($252.6 million).
www.forbes.com /markets/2006/11/15/myojo-nissin-steel-markets-equity-cx_jc_1115markets14.html?partner=rss   (359 words)

  
 BBC NEWS | Business | Cup Noodle white knight ups bid
Nissin has launched a friendly 37bn yen ($314m; £166m) bid for Myojo after US hedge fund Steel Partners offered 29bn yen to buy the firm.
The hedge fund is already the largest stakeholder in Myojo, with a 23% stake.
Myojo shares have soared after both bids, climbing 13% on Wednesday on Japan's benchmark Nikkei.
news.bbc.co.uk /2/hi/business/6150196.stm   (250 words)

  
 N-Europe: Interview: Evolution Worlds
Tats Myojo: The Dreamcast was a great machine to develop titles for, but I am sure Sting will agree, that we are even more excited to see the power of consoles like the GameCube, PS2, and Xbox.
Tats Myojo: The battles are typical turn- based, but you can see whose turn is in the line-up so the game is more strategic.
Tats Myojo: Characters can level up to a factor of 99 to enhance their strength, speed, defense, and attack like in most other RPGs, but it doesn't end there.
www.n-europe.com /news.php?nid=2825   (1278 words)

  
 FT.com - Bid for Myojo suffers setback
A hostile bid by Steel Partners, the US hedge fund, for Myojo Foods faced a significant setback on Friday as shares in the Japanese noodle-maker shot up to more than 10 per cent above the Y700 offer price.
Myojo's shares surged to close at Y773 after a report in the Nihon Keizai newspaper that Nissin Foods, Japan's largest noodle-maker, could act as a white knight.
Both Myojo and Nissin declined to confirm whether they were in talks.
us.ft.com /ftgateway/superpage.ft?news_id=fto111020062013414275   (104 words)

  
 Steel Partners fails in hostile bid for Myojo
TOKYO: Steel Partners' hostile bid for Myojo Foods Co has failed but the US hedge fund looks set to reap a profit if it chooses to tender its shares to a rival suitor.
Myojo’s shares were down 0.5% at 866 yen at mid-session, after having shot up more than 40% since Steel Partners launched its bid on Oct 27.
Steel Partners initially bought a 10% stake in Myojo in 2003 when Myojo was trading around 200 yen per share.
thestar.com.my /news/story.asp?file=/2006/11/29/business/16164203&sec=business   (355 words)

  
 Chow Times: Myojo Instant Noodles
The store which sells the Myojo instant noodles is Smart N Save located in Lansdowne Mall in Richmond.
As this shipment of Myojo noodles is for testing of the market, the store might not continue to import if the product is not selling well.
None of the myojo brand noodles were found on the shelves of either TMC, Bangsar Village, Mid-valley jusco and carrefour, 1-Utama, Giant and even up to Ikano...!!!
chowtimes.com /2006/04/myojo_instant_noodles.html   (584 words)

  
 The Standard - China's Business Newspaper
The cup noodle giant has agreed to launch a tender offer with the aim of acquiring a 33.4 percent stake in Myojo.
Last month, the fund - the largest shareholder in Myojo, with a 23.1 percent stake - announced a tender offer to take a full control, but Myojo immediately rebuffed the approach.
Myojo said its current management team would remain in place after any tie-up with Nissin, which would a create a firm controlling more than 50 percent of Japan's instant noodle output.
www.thestandard.com.hk /news_detail.asp?we_cat=6&art_id=31871&sid=10898626&con_type=1&d_str=20061116   (422 words)

  
 Steel Partners hostile takeover bid for Myojo fails - Food Business Review
Steel Partners, which already owns a 23% stake in Myojo, launched a tender offer on October 27, 2006 to acquire 100% of Myojo's shares at JPY700 per share.
Myojo was against the bid, and turned to Nissin Foods to make a white knight offer.
Steel Partners admitted that its hostile takeover bid for Myojo had failed, and the number of shares offered or purchased from Myojo was zero.
www.food-business-review.com /article_news.asp?guid=95E69D50-C192-4BCF-840A-C467DCA455A9   (365 words)

  
 VEP (Myojo)   (Site not responding. Last check: 2007-10-09)
The Vehicle Evaluation Payload (VEP), renamed Myojo after launch, is a Japanese spacecraft that was launched by an H-2 rocket from the Tanegashima space station.
It provided a ranging function as well as functions to measure the acceleration and deformation, in order to confirm the accuracy of the H-2 rocket orbit injection and understand the environment of the payload equipment.
It remained attached to the second stage of the H-2 launch vehicle.
www.skyrocket.de /space/doc_sdat/vep.htm   (72 words)

  
 asahi.com:Nissin Food triumphs in battle for Myojo - ENGLISH   (Site not responding. Last check: 2007-10-09)
Nissin said it will purchase all 36.76 million Myojo shares offered for sale for 31.9 billion yen, giving it control of the voting rights in the company.
It is estimated that Steel Partners Japan, which began buying up Myojo stock in 2003, will pocket about 3.6 billion yen in capital gains by selling its Myojo shares to Nissin.
On Friday, Nissin will register Myojo, the nation's fourth-largest maker of instant noodles, as its subsidiary and include its earnings in consolidated financial statements.
www.asahi.com /english/Herald-asahi/TKY200612160120.html   (317 words)

  
 Noodle wars: Nissin rides to rescue of smaller rival
Last month, the fund -- which is the largest shareholder in Myojo with a 23.1 percent stake -- announced a tender offer to take a full control of the company but Myojo immediately rebuffed the approach.
Lichtenstein said that the fund had held several rounds of discussions with Myojo management about its intention to increase its stake so the bid was not unexpected.
Myojo said its current management team would remain in place after any tie-up with Nissin which would a create a cup-noodle giant controlling more than 50 percent of Japanese instant-noodle output.
news.sawf.org /Business/27225.aspx   (952 words)

  
 Nissin hint at buying Myojo - Food Business Review
US investment fund Steel Partners, which has already failed with hostile bids in Japan, has made an unsolicited offer of $194 million for the remaining 76.9% of Myojo's shares that it does not already own.
Myojo has opposed the takeover bid, and instead looked to rival Nissin to make an attractive offer.
Mitsubishi and Ryoshoku, Myojo's main shareholders, said that they are likely to accept an offer from Nissin.
www.food-business-review.com /article_news.asp?guid=D1AC4CCB-1098-40B0-961E-13155244B25C   (339 words)

  
 Amazon.com: Myojo   (Site not responding. Last check: 2007-10-09)
Myojo by Japan Publications Trading Co - Magazine Subscription - 12 issues / 12 months
MYOJO FOODS CO., LTD.: International Competitive Benchmarks and Financial Gap Analysis (Financial Performance Series) by Inc Icon Group International and Ltd. Icon Group (Ring-bound - Oct 31, 2000)
Myojo - Ippei-Chan Soy Sauce Flavored Ramen Bowl 3.15 Oz.
www.amazon.com /s?ie=UTF8&keywords=Myojo&index=blended&page=1   (341 words)

  
 GameSpy.com - Interview
Tats Myojo: Yes, the dungeons are randomly generated, so no two dungeons are ever the same.
You have the option of engaging them in combat or trying to avoid them, but the monsters may chase you.
Some of the characters' power is determined by the amount enhancements they have done to their Cyframes.
archive.gamespy.com /interviews/october02/ew/index2.shtml   (578 words)

  
 Japanese noodle maker evades clutches of US hedge fund   (Site not responding. Last check: 2007-10-09)
The noodle maker urged its stakeholders to accept Nissin's offer of 870 yen per Myojo share that will close on December 14, saying a business and capital tie-up between the firms would boost shareholder value.
Last month, the US fund -- which is the largest shareholder in Myojo with a 23.1 percent stake -- announced a tender offer to take a full control of the company but Myojo immediately rebuffed its advances and turned to Nissin.
Momofuku Ando, the man credited with inventing instant noodles who was born in 1910, founded the predecessor to Nissin Food Products in 1948 and invented the world's first instant noodle, Chicken Ramen noodles sold in bags, in 1958.
www.strategiy.com /foodnew.asp?id=20061128070157   (430 words)

  
 Chow Times: Myojo Ramen Char Mee 100
This is our favourite instant noodle -- we call it the Myojo Pedas 100.
Although we have found some other Myojo instant noodles in many shops we have not come across this specific type.
The Myojo Pedas 100 come with two small sachets of spicy seasoning and oil.
chowtimes.com /2006/01/myojo_ramen_char_mee_100.html   (600 words)

  
 Japan's Myojo evades US hedge fund takeover attempt after Nissin Foods steps in - Forbes.com   (Site not responding. Last check: 2007-10-09)
The noodle maker urged its stakeholders to accept Nissin's offer of 870 yen per Myojo share that will close on Dec 14, saying a business and capital tie-up between the firms would boost shareholder value.
Nissin aims to acquire 33.4 pct of Myojo.
Last month, the US fund -- which is the largest shareholder in Myojo with a 23.1 pct stake -- announced a tender offer to take a full control of the company, but Myojo immediately rebuffed its advances and turned to Nissin.
www.forbes.com /home/feeds/afx/2006/11/28/afx3207756.html   (463 words)

  
 Thai Food | Thai groceries | Thai Market | Thai curry | Thai ingredients | Cookware Online ::: GroceryThai.com
Myojo Duck (5 cts) >> Thai Food
Notify me of updates to Myojo Duck (5 cts)
Use keywords to find the product you are looking for.
grocerythai.com /myojo-duck-p-503.html   (27 words)

  
 Myojo, Nissin Food Deal To Block U.S. Firm's Bid - Preview
TOKYO -- Nissin Food Products Co. said it has agreed with Myojo Foods Co. to form a capital alliance, squaring off against a U.S. investment fund that is trying to take over Myojo.
Nissin, Japan's largest instant-noodle maker in terms of sales and known for its Cup Noodle brand, said it will launch what the two Japanese companies called a friendly tender offer between today and Dec. 14 to buy shares of Myojo Foods.
Under the capital alliance, Nissin will buy 33.4% of Myojo's outstanding shares for 12.7 billion yen ($108.1 million), or...
online.wsj.com /google_login.html?url=http://online.wsj.com/article/SB116361510764124103.html?mod=googlenews_wsj   (160 words)

  
 Myojo Foods Co.,Ltd stock Price 2900, Stock Quotes, Charts, Share Trades & News.   (Site not responding. Last check: 2007-10-09)
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We offer Intraday and historical stock prices for Myojo Foods Co.,Ltd (2900) and other Tokyo Stock Exchange listed companies as well as company financials, Level 2 Data and the latest investor information from our stock market Message Boards.
www.advfn.com /quote_------------_JSX_2900.html   (241 words)

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