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Create Restaurants and SFP Holdings to merge on July 1◇
Create Restaurants Holdings Inc. <3387> announced after the market close on Tuesday that it will merge with its consolidated subsidiary SFP Holdings Co., Ltd. <3198>.
The companies have maintained a capital relationship since April 2013, when Create Restaurants acquired a stake in SFP Holdings (formerly SFP Dining). The merger aims to capture synergies hindered by the current capital structure, focusing on resource efficiency through integrated holding functions and deeper group management. Under the absorption-type merger, Create Restaurants will be the surviving entity. SFP shareholders will receive 3.2 Create Restaurants shares for each share held. SFP is scheduled to be delisted on June 29, with its final trading day on June 26.
(Note) The "◇" at the end of the title indicates that the article contains multiple stocks.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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