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Sumitomo Riko Company Limited ( (JP:5191) ) has shared an update.
Sumitomo Riko Company Limited’s board of directors has approved a tender offer by its controlling shareholder, Sumitomo Electric Industries, Ltd., to acquire all remaining shares and make the company a wholly-owned subsidiary. This move is expected to lead to the delisting of Sumitomo Riko’s stock, significantly impacting its market presence and shareholder structure.
The most recent analyst rating on (JP:5191) stock is a Buy with a Yen2458.00 price target. To see the full list of analyst forecasts on Sumitomo Riko Company Limited stock, see the JP:5191 Stock Forecast page.
More about Sumitomo Riko Company Limited
Sumitomo Riko Company Limited operates in the manufacturing industry, focusing on producing industrial materials and components. The company is known for its automotive and industrial products, serving a global market with a strong emphasis on innovation and quality.
Average Trading Volume: 139,414
Technical Sentiment Signal: Buy
Current Market Cap: Yen223.8B
For a thorough assessment of 5191 stock, go to TipRanks’ Stock Analysis page.