C.I.TAKIRON (4215 JP): Itochu’s (8001 JP) Light Tender Offer at JPY870
While attractive vs peer multiples, the offer is light due to a skinny takeover premium, an implied P/B below 1x, and 9% below the mid-point IFA...
Itochu Buying Out Sub CI Takiron (4215) Below Book - Too Cheap And Weak Process/Transparency
Itochu is buying out subsidiary CI Takiron (4215). The process is weak. The Target Board's defence of its shareholders is weak. But this is...
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