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Global Information opens with buy offers, converging toward Uzabase's TOB price of 1,680 yen
Global Information, Inc. <4171> opened with a glut of buy orders. After the close of trading on May 20, economic information platform provider Uzabase announced a tender offer to make Global Information a wholly owned subsidiary, driving its stock price toward the TOB price of 1,680 yen.
Through the full acquisition, the company aims to achieve synergies, including promoting cross-selling and expanding sales opportunities by mutually leveraging customer bases and sales networks, as well as advancing research solutions by integrating expert network services with market research reports. The minimum number of shares to be purchased is set at 1.98 million shares with no upper limit, and the tender offer period will run from May 21 to July 1. Following the successful completion of the TOB, Global Information is expected to be delisted after prescribed procedures, prompting the Tokyo Stock Exchange to designate the stock as a security under supervision (confirmation in progress) as of May 20. Global Information has expressed its support for the TOB and recommended that shareholders tender their shares.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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