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The latest update is out from Toho Holdings Co., Ltd. ( (JP:8129) ).
Toho Holdings announced that it has received formal notice from 3D Investment Partners and its related fund that they plan to increase their stake in the company through market purchases of up to 1,537,200 additional shares, capping their total voting rights at 27%. The prospective share accumulation, which is subject to several regulatory and corporate conditions and is framed under Toho’s existing policy on large-scale share purchases, underscores continued activist-style interest from 3D while prompting the company to seek further information and convene a Shareholders’ Intent Confirmation Meeting so investors can evaluate the transaction’s implications for governance and control.
The most recent analyst rating on (JP:8129) stock is a Hold with a Yen5068.00 price target. To see the full list of analyst forecasts on Toho Holdings Co., Ltd. stock, see the JP:8129 Stock Forecast page.
More about Toho Holdings Co., Ltd.
Toho Holdings Co., Ltd. is a Japan-based company listed on the Tokyo Stock Exchange Prime Market that operates in the pharmaceutical and healthcare-related sector, focusing on the distribution and related services of medical and drug products for domestic stakeholders in the healthcare supply chain.
Average Trading Volume: 155,993
Technical Sentiment Signal: Buy
Current Market Cap: Yen299.1B
For a thorough assessment of 8129 stock, go to TipRanks’ Stock Analysis page.