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An update from Hogy Medical Co ( (JP:3593) ) is now available.
Hogy Medical has amended its previously announced statement supporting a tender offer for its shares by TCG2509 Co., Ltd., to reflect that the bidder has now also entered into a tender offer agreement with Grantham, Mayo, Van Otterloo & Co. LLC. This additional agreement requires that all Hogy Medical shares held by that investor be tendered, further bolstering the certainty and feasibility of the transaction and the bidder’s plan to make Hogy Medical a wholly owned subsidiary via the tender offer and subsequent squeeze-out procedures, which could materially change the company’s ownership structure and governance for existing shareholders and other stakeholders.
The most recent analyst rating on (JP:3593) stock is a Hold with a Yen5957.00 price target. To see the full list of analyst forecasts on Hogy Medical Co stock, see the JP:3593 Stock Forecast page.
More about Hogy Medical Co
Hogy Medical Co., Ltd. is a Japan-based healthcare company listed on the Tokyo Stock Exchange Prime Market (securities code 3593). It operates in the medical devices and supplies industry, providing products and services to hospitals and medical institutions, with a focus on improving clinical efficiency and patient care in the Japanese and potentially broader Asian healthcare markets.
Average Trading Volume: 189,693
Technical Sentiment Signal: Buy
Current Market Cap: Yen144B
For detailed information about 3593 stock, go to TipRanks’ Stock Analysis page.