Idemitsu has bought two corporate stakes in Fuji Oil to go from 6+% to nearly 22%. This is not a big surprise. There's history. Medium-long-term, a TOB is likely. Long-term Buy. Short-term volatile.
What is covered in the Full Insight:
Idemitsu's stake in Fuji Oil
Background on the Refinery Business
Idemitsu and Activist History with Fuji Oil
Fuji Oil Ownership
Fuji Oil Fundamentals
SUMMARY
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