Japanese trading house Itochu, which owns a 50.1% stake in FamilyMart on July 8 announced that it planned to acquire the rest of convenience store chain at 2,300 yen per share, a 31% premium to FamilyMart’s closing price on July 8.
It also plans to delist the company if the bid is successful.FamilyMart announced it had adopted a resolution at the meeting of its board of directors on July 8 supporting the tender offer, saying it would leave the decision of whether to tender shares to shareholders.
Reuters sharonlamhk Why start an article in USD then shift it to Japanese Yen without exportation, when exchange rates changes the story so much? Why not just use the actual numbers of trade Japanese Yen through this short article which is just a bad translation of a report from Itochu? PLEASE STOP!
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