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NIPPON ROAD CO., LTD. ( (JP:1884) ) just unveiled an announcement.
Nippon Road Co., Ltd. has announced its support for a tender offer by its parent company, Shimizu Corporation, to acquire all of its common shares, aiming to make Nippon Road a wholly-owned subsidiary. This move is expected to lead to the delisting of Nippon Road’s shares, signifying a strategic consolidation within the group that could impact stakeholders by potentially streamlining operations and enhancing group synergies.
More about NIPPON ROAD CO., LTD.
Nippon Road Co., Ltd. operates in the construction industry, focusing on civil engineering and related construction services. It collaborates closely with its parent company, Shimizu Corporation, which is a major player in the construction and development sectors.
Average Trading Volume: 62,580
Technical Sentiment Signal: Buy
Current Market Cap: Yen92.65B
See more insights into 1884 stock on TipRanks’ Stock Analysis page.