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An announcement from Pacific Industrial Co., Ltd. ( (JP:7250) ) is now available.
Pacific Industrial Co., Ltd. has announced a partial amendment to its previously stated intention regarding a Management Buyout (MBO) and tender offer. The amendment includes an agreement with Giken Kabushiki Kaisha, a significant shareholder, to tender its shares, and an increase in the tender offer price from 2,050 yen to 2,919 yen per share. This move is aimed at enhancing the likelihood of the tender offer’s success and providing better value to shareholders. The company’s board has reiterated its support for the tender offer, recommending shareholders to tender their shares, reflecting a strategic decision to align with the offeror’s revised terms.
The most recent analyst rating on (JP:7250) stock is a Buy with a Yen3057.00 price target. To see the full list of analyst forecasts on Pacific Industrial Co., Ltd. stock, see the JP:7250 Stock Forecast page.
More about Pacific Industrial Co., Ltd.
Pacific Industrial Co., Ltd. operates in the industrial sector and is listed on the Tokyo and Nagoya Stock Exchanges. The company is involved in manufacturing and has a focus on market expansion through strategic financial maneuvers.
Average Trading Volume: 538,668
Technical Sentiment Signal: Buy
Current Market Cap: Yen162.5B
Find detailed analytics on 7250 stock on TipRanks’ Stock Analysis page.