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METAWATER Co ( (JP:9551) ) has issued an update.
METAWATER’s board has approved a tender offer to acquire all publicly traded shares of SUIDO KIKO KAISHA, Ltd. (excluding treasury shares and those held by parent company Toray Industries), with the aim of taking SUIDO KIKO private and making it an equity-method affiliate jointly owned with Toray. Under definitive agreements signed with Toray and SUIDO KIKO, Toray will retain its 51.06% stake and not tender its shares, while METAWATER seeks to buy at least 669,400 shares (15.60% of voting rights) with no upper limit, and, if full acquisition is not achieved via the tender, plans to use share consolidation and related squeeze-out procedures so that post-transaction Toray and METAWATER will own approximately 51% and 49% of voting rights respectively, reshaping SUIDO KIKO’s ownership structure and deepening a capital and business alliance among the three companies.
The most recent analyst rating on (JP:9551) stock is a Buy with a Yen3874.00 price target. To see the full list of analyst forecasts on METAWATER Co stock, see the JP:9551 Stock Forecast page.
More about METAWATER Co
METAWATER Co., Ltd. is a Japan-based water infrastructure engineering company that designs, builds and maintains water and sewage treatment facilities and related systems. Listed on the Tokyo Stock Exchange Prime Market, it focuses on comprehensive water solutions and public infrastructure projects, positioning itself as a key player in Japan’s water and environmental services sector.
Average Trading Volume: 127,665
Technical Sentiment Signal: Buy
Current Market Cap: Yen125.5B
Find detailed analytics on 9551 stock on TipRanks’ Stock Analysis page.