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The latest announcement is out from WealthNavi, Inc. ( (JP:7342) ).
WealthNavi Inc. announced that its Board of Directors has set a record date for an upcoming extraordinary shareholders’ meeting, scheduled for late February 2025, in anticipation of a tender offer by MUFG Bank, Ltd. This meeting is contingent on the tender offer’s success, which could lead to MUFG becoming the sole shareholder if they acquire a sufficient percentage of voting rights. If the tender offer is successful but does not result in MUFG holding 90% or more of the voting rights, the company will propose a share consolidation at the meeting to increase MUFG’s control. This strategic move is poised to significantly impact WealthNavi’s shareholder structure and governance.
More about WealthNavi, Inc.
WealthNavi Inc. operates within the financial services industry and is known for its automated investment management solutions. The company is listed on the Tokyo Stock Exchange Growth market and focuses on providing individuals with robo-advisory services to facilitate wealth management.
YTD Price Performance: -0.05%
Average Trading Volume: 912,086
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen115.5B
Find detailed analytics on 7342 stock on TipRanks’ Stock Analysis page.
