Katakura Industries Watchlist
Katakura (3001 JP) MBO/Tender Fails
254 Views, 12 Jan 2022 22:59
- The Katakura (3001 JP) MBO has failed. Nearly 60% tendered but I expect 85-90% of that 60% came from corporate and financial crossholders.
- A new activist is in at ¥2,350/share, and that activist wants a higher price.
- It is not clear there is a lot of downside here, but it is not clear what drives it up near-term either.