M3 (JP:2413) has released an update.
M3, Inc. has initiated a tender offer to acquire common shares of ELAN Corporation with the intention of making ELAN a consolidated subsidiary. The company also entered into a capital and business tie-up agreement with ELAN, securing agreements to tender approximately 50.10% of ELAN’s shares from its major shareholders. This strategic move is aimed at reinforcing M3’s global network and enhancing services in the medical industry.
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