Daiwa (JP:8601) has released an update.
Hillhouse Investment Management has announced a Tender Offer to acquire Samty Holdings for 3,300 JPY per share, a 14.1% premium over its highest-ever share price. The offer, totaling an equity value of 169 billion JPY, is supported by Samty Holdings’ board and its largest shareholder, Daiwa Securities Group, which will retain a stake to support future growth. The acquisition aims to capitalize on Samty Holdings’ real estate development strength in Japan since 1982.
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