bullish

Idemitsu Launches Lowball Tender Offer for Subsidiary Toa Oil (5008)

624 Views16 Dec 2020 01:10
Idemitsu is 90% of revs, 50% of the ownership of Toa Oil. The business is not conducted at an arms' length basis so value has been transferred. Now Idemitsu wants minorities out. Could be interesting.
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