Asia
Itochu to Take Itochu-Shokuhin Private After Tender Offer Completion
Itochu (TYO:8001) will acquire the remaining shares of Itochu-Shokuhin (TYO:2692) it does not yet own at 13,000 yen per share, with the target set to delist next month, according to a Tuesday filing on the Tokyo Stock Exchange.Itochu holds about 90% of voting rights following a tender offer and will squeeze out minority shareholders to take Itochu-Shokuhin private.The shares will be delisted on May 19 after the last trading day on May 18.
TYO:2692TYO:8001