Br. Holdings Board Backs Yokogawa Bridge Tender Offer and Delisting Plan

The latest update is out from Br.Holdings Corporation ( (JP:1726) ).

Br. Holdings Corporation’s board has unanimously endorsed a tender offer from Yokogawa Bridge Holdings Corp. to acquire all of its common shares and outstanding stock acquisition rights, recommending that shareholders and warrant holders tender into the offer. The deal, priced at ¥530 per share and ¥105,800 per stock acquisition right, is structured to make Br. Holdings a wholly owned subsidiary of Yokogawa Bridge and will result in the delisting of Br. Holdings’ shares, marking a significant step in consolidating their existing business relationship and reshaping the ownership and governance structure for current investors.

The most recent analyst rating on (JP:1726) stock is a Hold with a Yen379.00 price target. To see the full list of analyst forecasts on Br.Holdings Corporation stock, see the JP:1726 Stock Forecast page.

More about Br.Holdings Corporation

Br. Holdings Corporation, listed on the TSE Prime Market under securities code 1726, operates in Japan’s construction and infrastructure sector, with business activities that include bridge-related work and the supply of precast concrete floor slabs and steel materials. The company already maintains commercial ties with Yokogawa Bridge Holdings Corp. through joint ventures and reciprocal sales and purchases of materials for bridge deck replacement and superstructure projects.

Average Trading Volume: 88,471

Technical Sentiment Signal: Buy

Current Market Cap: Yen15.9B

Find detailed analytics on 1726 stock on TipRanks’ Stock Analysis page.