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Sumitomo Forestry Initiates Second Tender Offer for LeTech Shares

Story Highlights
  • Sumitomo Forestry operates in forestry and housing, focusing on sustainable solutions.
  • The company begins a second tender offer for LeTech shares to expand its market influence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sumitomo Forestry Initiates Second Tender Offer for LeTech Shares

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Sumitomo Forestry Co ( (JP:1911) ) has issued an update.

Sumitomo Forestry Co., Ltd. has announced the commencement of a second tender offer for shares of LeTech Corporation, a company listed on the Growth Market of the Tokyo Stock Exchange. This move is part of Sumitomo Forestry’s strategic efforts to expand its market presence and influence within the industry, potentially impacting stakeholders by altering the competitive landscape.

The most recent analyst rating on (JP:1911) stock is a Buy with a Yen7620.00 price target. To see the full list of analyst forecasts on Sumitomo Forestry Co stock, see the JP:1911 Stock Forecast page.

More about Sumitomo Forestry Co

Sumitomo Forestry Co., Ltd. operates in the forestry and housing industry, focusing on sustainable timber and construction solutions, and is listed on the Prime Market of the Tokyo Stock Exchange.

YTD Price Performance: -22.97%

Average Trading Volume: 1,206,220

Technical Sentiment Signal: Hold

Current Market Cap: Yen835.4B

For an in-depth examination of 1911 stock, go to TipRanks’ Stock Analysis page.

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