Idemitsu Kosan Co (JP:5019) has released an update.
Idemitsu Kosan Co., Ltd. has announced the launch of a tender offer to acquire all shares of AGRO-KANESHO CO., LTD. to make it a wholly-owned subsidiary. This strategic move underscores Idemitsu’s expansion efforts, with agreements already in place with major shareholders to tender their shares. The offer is contingent on acquiring a minimum of 8,077,300 shares, representing a 66.67% ownership stake.
For further insights into JP:5019 stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- ‘Get Ready for the Next Leg Up,’ Says Piper Sandler About Nvidia Stock
- M&A News: Paramount’s (NASDAQ:PARA) Merger with Skydance May Get Delayed
- Ford (NYSE:F) Cuts Hours At German EV Plant
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.