Aeon to take Aeon Delight private in tender offer

Aeon Co., Ltd. [TSE:8267] announced today its decision to commence a tender offer to acquire all outstanding common shares and stock acquisition rights of AEON Delight Co., Ltd. [TSE:9787], aiming to make it a wholly-owned subsidiary. The tender offer price is set at ¥5,400 per share and ¥1 per stock acquisition right. Aeon, which currently holds a 57.69% stake in Aeon Delight, is seeking to enhance the enterprise value of both entities through consolidated demand, resource optimization, and strategic business evolution. The offer has a minimum target of 4,297,400 shares and is scheduled to begin on March 3, 2025, and will expire on April 24, 2025. Aeon has also announced a preliminary agreement to acquire Aeon Mall Co., Ltd. in a share swap deal, signifying a push towards a more unified and efficient operational structure.