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nms Holdings surges to daily limit as stock price narrows gap toward WORLD HOLDINGS' TOB price of 540 yen
nms Holdings Corporation <2162> was limit-up at 471 yen, up 80 yen from the previous session. WORLD HOLDINGS CO.,LTD. <2429> announced after the close on Friday, May 29 that it will launch a tender offer for equity-method affiliate nms Holdings to make it a wholly owned subsidiary. The stock rose to narrow the gap toward the offer price of 540 yen.
The minimum purchase requirement is set at 6.49 million shares, with no upper limit. The offer period runs from June 1 to July 10. nms Holdings supported the tender offer but left the decision on whether to tender shares to its shareholders. If the offer is successful, nms Holdings is expected to be delisted. By leveraging the WORLD HOLDINGS group's creditworthiness and funding capacity, the company aims to stabilize nms Holdings' credit from financial institutions. At the same time, the group aims to build a comprehensive nationwide footprint by combining the branch networks of WORLD HOLDINGS, which operates its staffing business primarily in western Japan, and nms Holdings, which is strong in eastern Japan.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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