In today’s briefing:
- Hitachi Metals (5486) Gets SAMR Clearance, Finally. So Now We Can Sell.
- IStyle’s @Cosme Gets a Boost from Amazon Investment
Hitachi Metals (5486) Gets SAMR Clearance, Finally. So Now We Can Sell.
- Today before the open, China’s State Administration for Market Regulation (SAMR) finally announced the approval of the takeover of Hitachi Metals (5486 JP). This was what delayed things.
- The approval had actually been issued on 7 September, and the collected approvals in the week to the 12th were announced today. Some media outlets had the info yesterday.
- I expect it is likely that the Bain Tender Offer to buy Hitachi Metals will be announced today after the close, or at latest, early next week.
IStyle’s @Cosme Gets a Boost from Amazon Investment
- Japan’s cosmetics market is the focus of attention from many large international businesses thanks to strong sales and new growth businesses.
- The latest is Amazon, which is to become the biggest shareholder in Istyle Inc (3660 JP), providing a major boost to the @Cosme operator.
- IStyle, meanwhile, plans to offer cosmetics brands the chance to open popup stores within its retail chain for fixed monthly fees.
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