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An announcement from SANKEI REAL ESTATE Inc. ( (JP:2972) ) is now available.
SANKEI REAL ESTATE Inc. has announced that its board of directors unanimously supports a tender offer launched by Tiger Limited Partnership and Lion Limited Partnership to acquire all of the REIT’s investment units, and is formally recommending that existing unitholders tender their units. The transaction is structured with the intention that, following completion of the tender offer and subsequent procedures, all units will be acquired by the offerors and SANKEI REAL ESTATE will be delisted, effectively transitioning the vehicle from a publicly traded REIT to private ownership, which would materially change its capital market profile and liquidity for current investors.
More about SANKEI REAL ESTATE Inc.
SANKEI REAL ESTATE Inc. is a Tokyo-based real estate investment trust (REIT) specializing in acquiring, holding, and managing real estate and related assets, with its investment units listed on the Tokyo Stock Exchange under code 2972. The REIT is managed by Sankei Building Asset Management Co., Ltd., which oversees portfolio operations and investment strategy within Japan’s listed real estate market.
Average Trading Volume: 1,132
Technical Sentiment Signal: Buy
Current Market Cap: Yen48.11B
For detailed information about 2972 stock, go to TipRanks’ Stock Analysis page.