YFO is running out of options as a YFO candidate-heavy special committee opposed its proposal, and the share price is trading through terms.
Boomeranged on Thu, 21 Dec 2023 01:28
YFO has withdrawn its JPY1,255 offer. YFO dispute centres on the feasibility of the medium-term management plan as “there have already been deviations in orders received and major changes in the assumptions used in the formulation of the plan.” The critical question is whether YFO wants to exit and whether the Board will facilitate it through a TOB or a white knight purchaser.
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