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GMO Internet ( (JP:9449) ) has provided an update.
GMO Internet Group, Inc. has announced its decision to acquire shares of Prime Strategy Co., Ltd. through a tender offer, aiming to make it a consolidated subsidiary. This move is part of a capital and business alliance agreement, expected to create synergies between Prime Strategy’s high-performance platform ‘KUSANAGI’ and GMO’s internet services, enhancing their market position without delisting Prime Strategy from the Tokyo Stock Exchange.
The most recent analyst rating on (JP:9449) stock is a Hold with a Yen3576.00 price target. To see the full list of analyst forecasts on GMO Internet stock, see the JP:9449 Stock Forecast page.
More about GMO Internet
GMO Internet Group, Inc. operates in the internet infrastructure and internet security sectors, providing a range of services that support online operations and security. The company is focused on expanding its market presence through strategic acquisitions and alliances.
Average Trading Volume: 219,000
Technical Sentiment Signal: Buy
Current Market Cap: Yen376.8B
Find detailed analytics on 9449 stock on TipRanks’ Stock Analysis page.