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An announcement from Fuji Media Holdings ( (JP:4676) ) is now available.
Fuji Media Holdings has disclosed that investor Aya Nomura and related parties have amended their previously filed intention regarding a large-scale acquisition of the company’s shares, shifting from a possible mix of on- and off-market purchases to a clearly defined tender offer. Under the revised plan, the acquirers, who already hold more than 42 million shares, now aim to buy up to around 25 million additional shares at a fixed tender offer price of ¥4,000 per share over a 30-business-day offer period, targeting a maximum voting rights stake of 33.3%, subject to prior regulatory clearance under Japan’s foreign exchange law and the company’s existing anti-takeover response policy. The move adds transparency on pricing and structure for existing shareholders, while underscoring the ongoing contest over Fuji Media’s future direction, including pressure around the potential spin-off or sale of its real estate business and changes to shareholder return policies.
The most recent analyst rating on (JP:4676) stock is a Hold with a Yen3229.00 price target. To see the full list of analyst forecasts on Fuji Media Holdings stock, see the JP:4676 Stock Forecast page.
More about Fuji Media Holdings
Fuji Media Holdings, Inc. is a Japan-based media and entertainment group listed on the Prime Market of the Tokyo Stock Exchange. The company operates primarily in broadcasting and content production, and also has a real estate-related urban development and tourism business, with its shareholder base and corporate control closely watched by domestic and foreign investors.
Average Trading Volume: 761,588
Technical Sentiment Signal: Buy
Current Market Cap: Yen795.5B
Learn more about 4676 stock on TipRanks’ Stock Analysis page.