Kokopelli, which operates a platform supporting small and medium-sized enterprises, announced that it would acquire all shares of Santel and make it a consolidated subsidiary. Its share price rebounded for the first time in 4 days on the news.
Kokopelli rebounded for the first time in 4 days, briefly reaching ¥335. The market appeared to view favorably its plan to acquire all shares of Santel and make it a consolidated subsidiary.
According to the announcement after the close on the 28th, Kokopelli will acquire all shares of Santel and proceed with making it a consolidated subsidiary. The announcement indicated that the transaction is expected to expand its business base and generate integration benefits.