Psst! Wanna Buy Into Japan Inc.?

As T. Boone Pickens discovered, Japan is a tough place to attempt an unfriendly takeover. After a two-year fight, the Texas corporate raider last summer gave up on his effort to use a 26.4% stake to win four board seats at Koito Manufacturing Co., an auto-parts supplier 19%-owned by Toyota Motor Corp. Koito claims Pickens was attempting greenmail, while he claims he was frozen out by Japanese corporate collusion.

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