C.I. TAKIRON Corp (JP:4215) has released an update.
C.I. TAKIRON Corporation’s board of directors has endorsed a tender offer by API G.K., a subsidiary of the parent company ITOCHU Corporation, recommending shareholders to tender their shares. The tender offer is part of a plan to privatize and delist the company. ITOCHU holds a 55.49% stake in C.I. TAKIRON, further cementing its subsidiary status.
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