August 24, 2007 (LPAC)--Steel Partners, run by bottom-sucker Warren Lichtenstein, has admitted defeat in the its take over bid to capture Japan's Bull Dog Sauce. Steel Partners only owns 4.44 percent of the company, but was using typical hedge fund methods to attempt to take over the firm and loot it. The Bull Dog company is the first Japanese company to take measures to thwart a hostile take over from a foreign investor, with implicit support of the courts and the government.