In today’s briefing:
- JSR Corporation (4185 JP): JIC’s Tender Offer Looming?
JSR Corporation (4185 JP): JIC’s Tender Offer Looming?
- Nikkei reports that Japan Investment Corporation (JIC) is in talks to acquire JSR Corp (4185 JP) for around JPY1 trillion (US$7 billion) through a tender offer.
- JSR responded, “No decision has been made at this moment, although JSR is considering this matter.” The Board will discuss the proposal on Monday.
- Minorities will be supportive as the JPY1 trillion valuation implies a tender price of JPY4,850 per share, a 50% premium to the last close and an all-time share price high.
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