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LY Corporation Updates on BEENOS Inc. Tender Offer Progress

Story Highlights
  • LY Corporation is progressing with its tender offer for BEENOS Inc., focusing on cross-border e-commerce.
  • The offer awaits Taiwan’s competition law clearance, expected by March 2025, with prior communication corrections made.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
LY Corporation Updates on BEENOS Inc. Tender Offer Progress

The latest announcement is out from LY Corporation ( (JP:4689) ).

LY Corporation announced progress in its tender offer for BEENOS Inc., a company with which it aims to strengthen its cross-border e-commerce business. The tender offer is pending clearance under Taiwan’s competition laws, expected by the end of March 2025, with other conditions being reviewed. Corrections were also made to previous communications regarding the timeline of discussions with BEENOS.

More about LY Corporation

YTD Price Performance: 13.02%

Average Trading Volume: 11,096,710

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: Yen3325.8B

For an in-depth examination of 4689 stock, go to TipRanks’ Stock Analysis page.

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