Agro-Kanesho Co., Ltd. (JP:4955) has released an update.
Agro-Kanesho Co., Ltd. has announced its board’s support for a tender offer by Idemitsu Kosan Co., Ltd. to acquire all its shares, with plans to make Agro-Kanesho a wholly-owned subsidiary and delist its shares from the Tokyo Stock Exchange. The tender offer, valued at JPY 1,900 per share, is contingent upon acquiring a minimum of 8,077,300 shares.
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