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GFOOT shares show limited movement following announcement of a compulsory acquisition at \300 per share◇
GFOOT <2686> shares showed limited price movement. Following the close of trading on the 8th, the company announced a share consolidation as part of a going-private transaction that would make AEON <8267>, its parent company, the sole shareholder. The compulsory acquisition will be conducted at \300 per share. Subject to approval at the Annual General Shareholders' Meeting scheduled for May, the company is expected to be delisted on June 23rd. In response, the Tokyo Stock Exchange designated GFOOT shares as a security under supervision (under confirmation) effective April 8th.
Note: The symbol ◇ in the title indicates that this article contains multiple stock issues.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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