JTOWER, Inc. (JP:4485) has released an update.
DB Pyramid Holdings, LLC has initiated a tender offer to acquire all outstanding shares and stock acquisition rights of JTOWER Inc., a company listed on the Growth Market of the Tokyo Stock Exchange. The offer is part of a strategic transaction aimed at privatizing JTOWER Inc., with the end goal of making DB Pyramid Holdings and Cultive Ltd. its sole shareholders. This move involves a series of transactions, including a potential share consolidation if the tender offer does not result in full share acquisition.
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