bullish
Fancl (4921) - Extendy-Extendy-Bumpity-Bumpity
746 Views29 Jul 2024 12:18
Fancl's Tender Offer closes today. I expect they don't have the shares to get this done, and now the stock is trading 4-plus% through terms. I think Kirin extends/bumps. The bump may be decent.
What is covered in the Full Insight:
- Introduction
- Tender Offer Background
- Shareholder Responses
- Upcoming Decisions
- Conclusion
Boomeranged on Tue, 6 Aug 2024 15:58
Kirin has raised the Tender Offer Price for FANCL from ¥2,690 to ¥2,800. The new price is lower than the market price of a week ago, but higher than the price today and yesterday.
And given what has happened to the rest of the market, may represent enough of a switching opportunity to let those who still object in principle to re-allocate elsewhere.
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