J.Front Retailing (3086) · InitiativeAchieved
Strengthening Group Collaboration and the Business Portfolio Through the Full Subsidiarization of PARCO
First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
2entries
1years
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Making PARCO a Wholly Owned Subsidiary Through a Tender OfferA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2020AchievedAnnual report
「During the consolidated fiscal year, we acquired additional interests in consolidated subsidiary PARCO and made it a wholly owned subsidiary.」
Regarding the acquisition of full ownership of PARCO, acquired additional non-controlling interests through the Tender Offer and completed the acquisition of full ownership following a share transfer demand. - FY2020-Q3First statedAnnual report
「We resolved to conduct the Tender Offer for all issued shares of the Target Company, excluding the Target Company’s common shares already owned by us and the treasury shares owned by the Target Company, with the objective of making the Target Company our wholly owned subsidiary.」
On 26 December 2019, resolved to launch a Tender Offer aimed at making PARCO a wholly owned subsidiary. The tender offer period was scheduled to run from 27 December 2019 to 17 February 2020, at an offer price of ¥1,850 per share and a total purchase price of ¥65.738 billion, with funding expected to be raised through borrowings.