Toyama-based food supermarket operator Albis is expected to come under Life Corporation’s umbrella and become its consolidated subsidiary through a tender offer. The offer price is ¥3,780 per share, and the offer period is reportedly from the 9th through 10 November.
Life Corporation announced a tender offer for the shares of Albis, a major supermarket operator, and indicated its intention to make Albis a consolidated subsidiary. The offer price is ¥3,780 per share, and the tender offer period is from the 9th through 10 November.
Albis has indicated that it intends to support the tender offer and is expected to become a consolidated subsidiary of Life after being delisted.