The combined share buyback and treasury shares cancellation which will represent nearly 14% of the company's total outstanding shares, will likely have a positive impact on SK Network's share price.
Boomeranged on Mon, 21 Aug 2023 14:35
On 18 August, SK Networks (001740 KS) announced a tender offer of SK Rent A Car (068400 KS). SK Networks plans to acquire a 100% stake in SK Rent-A-Car and delist it. SK Networks currently owns a 72.95% stake in SK Rent-A-Car. SK Networks will purchase the remaining shares of SK Rent-A-Car at the tender offer price of 13,500 won from 21 August to 11 September.
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