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Elan Corp. ( (JP:6099) ) just unveiled an update.
Elan Corporation has announced the acquisition of shares in Classico Inc., making it an equity-method affiliate. Classico Inc., which specializes in the planning, development, and sales of medical apparel, is preparing for a potential listing on the Tokyo Stock Exchange. This strategic move enhances Elan’s investment portfolio and positions it to benefit from Classico’s growth prospects in the medical apparel market. The acquisition increases Elan’s voting rights in Classico to 33.33%, reflecting a significant stake in the company.
More about Elan Corp.
Average Trading Volume: 116,308
Technical Sentiment Signal: Hold
Current Market Cap: Yen49.46B
For a thorough assessment of 6099 stock, go to TipRanks’ Stock Analysis page.