Line Yahoo delays Beenos tender offer due to regulatory hurdles
LINE Yahoo Corporation (TSE:4689) announced a delay in the planned commencement of its tender offer for BEENOS Inc. (TSE:3328). While regulatory procedures in Japan have been completed, clearance from Taiwanese competition authorities is still pending. The company had initially aimed to begin the tender offer by the end of February 2025. A submission for prior notification was made to the Taiwan Fair Trade Commission on February 7, 2025, and was accepted on the same day. LINE Yahoo now anticipates initiating the tender offer by the end of March 2025, contingent on receiving the necessary regulatory approval in Taiwan. The announcement also included a minor correction related to the date of initial contact with BEENOS regarding the potential acquisition.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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