Watami, a major izakaya operator, formally announced a management buyout by the founder's asset management company and aims to acquire all shares through a tender offer.
Watami formally announced on 13 November that it would carry out a management buyout. The asset management company of founder and Chairman and President Watanabe Miki (渡辺 美樹) aims to acquire all shares through a tender offer.
It was revealed that the plan is to acquire all Watami shares through a tender offer by the asset management company.
The report was issued by Kyodo News, which reported that the formal announcement was made on the same date.
The article contains no additional information on specific tender offer terms or dates.