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The latest announcement is out from Fujitec Co., Ltd. ( (JP:6406) ).
Fujitec Co., Ltd. announced its support for a tender offer by Bospolder 1 K.K. to acquire its common shares, excluding those already held by the offeror and treasury shares. The board of directors resolved to leave the decision to participate in the tender offer to the shareholders and stock acquisition rights holders, with the intention of delisting the shares as part of the transaction. This move could impact Fujitec’s market presence and stakeholder interests by transitioning the company to a privately held entity.
The most recent analyst rating on (JP:6406) stock is a Buy with a Yen6232.00 price target. To see the full list of analyst forecasts on Fujitec Co., Ltd. stock, see the JP:6406 Stock Forecast page.
More about Fujitec Co., Ltd.
Fujitec Co., Ltd. operates in the elevator and escalator industry, providing vertical transportation systems and solutions. The company focuses on manufacturing, installing, and maintaining elevators and escalators, catering to a global market with a strong presence in Asia.
Average Trading Volume: 249,391
Technical Sentiment Signal: Buy
Current Market Cap: Yen431.5B
Find detailed analytics on 6406 stock on TipRanks’ Stock Analysis page.