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The latest update is out from Ezaki Glico Co., Ltd. ( (JP:2206) ).
Ezaki Glico Co., Ltd. has received a shareholder proposal from Longchamp SICAV, represented by Dalton Investments Inc., regarding amendments to its Articles of Incorporation and the acquisition of treasury stock. The Board of Directors has opposed these proposals, emphasizing that the stipulations regarding management mindful of capital cost and share price should not be included in fundamental company rules. The Board also argues that the proposed acquisition of treasury stock is excessive and misaligned with the company’s long-term growth strategy. The company aims to focus on balanced growth investments and shareholder returns, as outlined in its new mid-term management plan for FY2025-2027.
More about Ezaki Glico Co., Ltd.
Ezaki Glico Co., Ltd. operates within the food industry and is renowned for its confectionery products, with a focus on delivering ‘Great Taste and Good Health.’ Its market strategy aims to enhance the wellbeing of a global audience, reflecting a commitment to health-oriented products.
YTD Price Performance: 3.57%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.88B
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