The featured stock, which was in the ¥600 range before the tender offer was announced, rose to ¥1,060 in 3 trading days, reaching a level above the ¥1,000 offer price. The report also covers movements in the Nikkei 225 and the broader market’s gains and losses.
This article summarizes movements in the Nikkei 225 and the TSE Prime Market on 17 September, while focusing on a sharp rise in the share price of a particular stock before and after a tender offer was announced. The featured stock rose from the ¥600 range before the announcement to ¥1,060 in 3 trading days, reportedly reaching a level above the ¥1,000 offer price.
The Nikkei 225 rose after opening but failed to hold at its highs, closing at ¥64,136.25 while remaining above the previous day’s close. Fast Retailing, SoftBank Group and Recruit Holdings were among the top contributors, while Advantest, Tokyo Electron and TDK were among the biggest detractors.
Trading volume on the TSE Prime Market was 1.956 billion shares, with trading value of ¥7.153818 trillion, both up from the previous day. Among the biggest individual stock gainers were Leopalace21, which rose ¥119 to ¥1,060, and I-ne, which rose ¥183 to ¥2,264, while some stocks also recorded notable declines.
Alongside overall market movements, the article also reports the number of Nikkei 225 constituent stocks that rose and fell, as well as stocks updating their year-to-date highs and lows. It provides an overview of the tender-offer-related developments and the market reaction to them.