東邦HD Ends Consideration of PHC Acquisition After Submitting Initial Proposal

Toho Holdings announced that it had ended its review of the potential acquisition of PHC Holdings. It was revealed on the 1st that Toho Holdings had submitted an initial proposal.

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The story

Toho HD announced that it had ended its review of the potential acquisition of PHCHD. The acquisition had been considered as part of its growth strategy, but the company said it would end its review of the matter. It plans to continue pursuing an optimal growth strategy aimed at increasing corporate value over the medium to long term.

PHCHD develops and sells medical devices, and US investment firm KKR holds approximately 38% as its largest shareholder. It was also revealed on the 1st that Toho HD had submitted an initial acquisition proposal.

At a glance

EventToho HD ends review of potential acquisition of PHCHD

Initial proposalIt was revealed that an initial proposal had been submitted

PartnersPHC Holdings (PHCHD)

BackgroundPHCHD originated as Panasonic's healthcare business

ShareholderKKR holds approximately 38% as the largest shareholder

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