FANCL Updates Shareholders on Kirin’s Tender Offer

Fancl (JP:4921) has released an update.

FANCL Corporation has updated its statement regarding the affirmative opinion and recommendation to its shareholders to tender in Kirin Holdings Company’s offer. The updates include an extension of the tender offer period until August 13, 2024, and a confirmation that the offer price per share remains unchanged at JPY 2,690. Additionally, plans for a potential share consolidation post-tender offer have been outlined, should the tender offeror not acquire 90% of the voting rights.

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