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TIEMCO Extends Rally to Seventh Straight Session Following \1,900-per-share Tender Offer from Jianguo Synergy
TIEMCO <7501> extended its rally to a seventh straight session, hitting its highest level since 1998. Jianguo Synergy Investment Limited Partnership (Chiyoda-ku, Tokyo) announced on April 7 that it will launch a tender offer for TIEMCO <7501> at \1,900 per share. The planned acquisition has a minimum threshold of 1,069,351 shares and a maximum of 1,485,897 shares. Shares of TIEMCO <7501> are currently converging toward the tender offer price.
The tender offer period is scheduled from April 7 through May 22. The purchasing partnership was formed as a strategic vehicle for Japanese investment operations by Xiamen Nuts Capital Management, a Chinese investment firm. The tender offer aims to bolster TIEMCO’s <7501> management structure and enhance medium- to long-term corporate value. In response, TIEMCO <7501> stated on the 7th that it will issue a formal opinion on the offer as soon as a board resolution has been reached.
*This article may contain unconfirmed information. Stock trading decisions should be made at your own risk and judgment.
Source: MINKABU PRESS
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