On January 20, 2020, Toshiba Machine Co. Ltd. announced that it would seek shareholder approval if it decides to adopt a poison pill against a hostile takeover by Yoshiaki Murakami. The Company stated that Murakami's offer could hurt its value and shareholder interests, but has asked for the tender offer period to be extended by 30 business days to allow the company time to evaluate the offer and prepare a shareholder meeting.