Shofu (TYO:7979) will abolish its takeover response policy after the conclusion of its 153rd annual general meeting on June 25, according to a Thursday filing on the Tokyo Stock Exchange.

The plan, first introduced in 2007 and renewed five times, was intended to protect corporate value and shareholder interests.

The dental materials maker said it had considered shareholder feedback, evolving market practices, and changes in its operating environment before deciding not to renew the policy.

Price (JPY): $2073.00, Change: $+140, Percent Change: +6.97%