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Koito Criticizes T. Boone Pickens Jr.: The...

From Times Staff and Wire Reports

Koito Criticizes T. Boone Pickens Jr.: The Japanese corporation battling Pickens’ bid for seats on its board, called on Pickens to disclose all the details of his arrangement with Kitaro Watanabe, a Japanese stock speculator, to acquire a large stake in the auto parts manufacturer. Last week, a new Japanese securities law forced Pickens to acknowledge that his 26.4% stake in Koito was backed--at least in part--by Watanabe. But the new Japanese law does not require Pickens to disclose further details.


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