bullish

T&K Toka (4636 JP): Decisions, Decisions as Tender Start Targeted for Mid-January

Arun has highlighted this Insight as a Top Pick
603 Views09 Jan 2024 21:22
Bain has three options – unchanged terms, allowing Dalton to roll over its shares, or bumping. Bain is likely to bump and a revised offer price of around JPY1,500 is possible.
Boomeranged on Thu, 18 Jan 2024 16:22
The pre-condition has been satisfied. However, Bain has delayed the tender launch to the end of January as it has not yet completed the procedures necessary to commence the offer, including preparing disclosure documents. The shares traded 5.1% above the JPY1,400 offer at the last close. Bain bumping the offer remains the likely outcome.
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