Nippon Steel, subsidiary Osaka Steel to tender into own-share TOB, voting rights ratio to 51%

Osaka Steel, a consolidated subsidiary of Nippon Steel, tendered into the tender offer for its own shares, bringing the voting rights ratio to 51%.

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The story

Osaka Steel, a consolidated subsidiary of Nippon Steel, tendered into the tender offer for its own shares.

As a result of the TOB, the voting rights ratio is expected to reach 51%.

The move is intended to bring Osaka Steel's shares under a certain degree of control by the company.

At a glance

Nature of actionOsaka Steel tendered into the tender offer for its own shares.

Tender offer timingThe announcement is reportedly expected around the 4th.

Voting rights statusThe voting rights ratio is expected to reach 51%.

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