bearish
Ryoyo (8068) - Ryosan (8140): Recent and Former Activist Targets To Merge
964 Views17 Oct 2023 17:34
Two electronics trading firms (Ryosan (8140) & Ryoyo (8068)) were activist targets the last decade. Ryosan may be again. They announced a merger in May and have now set terms. I am underwhelmed.
Boomeranged on Thu, 7 Dec 2023 07:03
City Index Eleventh has issued a press release (link in Discussions) stating it believes the Ryoyo/Ryosan merger ratio disadvantages Ryosan shareholders. He will vote against (on the 18th) and encourages all shareholders to do so. He would support the merger if the ratio is renegotiated.
I do not disagree. But I don't think he will be able to block the deal. He has 11.47% of the vote.
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