In today’s briefing:
- Telcoware: Tender Offer To Take the Company Private
Telcoware: Tender Offer To Take the Company Private
- Telcoware announced that the largest shareholder and CEO of the company (Keum Han-Tae) will be undertaking a tender offer of 2.332 million shares (25.24%) to take the company private.
- Tender offer price is 13,000 won per share. Tender offer period is from 19 May to 10 June.
- Telcoware has 4.08 million treasury shares, accounting for 44.1% of outstanding shares.
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