Vario Secure hits year-high on Heroz plan to make it wholly owned unit◇

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Wed Apr 15, 2026 10:14 am JST Catalyst

Vario Secure <4494> surged to a new year-to-date high. Following the close on the 14th, the company announced it will integrate with Heroz <4382> through a share exchange. Heroz will become the wholly owning parent company, and Vario Secure will become a wholly owned subsidiary. The effective date is June 30, with Heroz to allocate 0.99 shares for each Vario Secure share. Buying has concentrated on the theoretical price calculated from the swap ratio.

Vario Secure will be delisted on June 26. According to Heroz, since their capital and business alliance in September 2022, the conflicts of interest inherent in the parent-subsidiary listing had hindered the realization of concrete synergies. Full integration is expected to enable faster and more efficient decision-making.

(Note) The "◇" symbol at the end of the title indicates that this article contains multiple stock issues.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.