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An update from Mandom ( (JP:4917) ) is now available.
Mandom Corporation has announced an amendment to its previous notice regarding its opinion on a management buyout (MBO) and recommendation to tender shares, in light of a large-scale acquisition attempt by City Index Eleventh Co., Ltd. The company has been exploring alternative acquisition proposals to enhance corporate value and shareholder interests, and has received a non-binding letter of intent from a third-party candidate about taking the company private. However, the company maintains its neutral stance on the tender offer, leaving the decision to shareholders.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
More about Mandom
Mandom Corporation operates in the personal care industry, focusing on products such as cosmetics and grooming items. It is listed on the Prime Market of the Tokyo Stock Exchange under the securities code 4917.
Average Trading Volume: 651,300
Technical Sentiment Signal: Buy
Current Market Cap: Yen113.3B
Learn more about 4917 stock on TipRanks’ Stock Analysis page.