Softbank's Line Yahoo unit starts BEENOS takeover bid
Softbank Corp's subsidiary, LINE Yahoo Corporation (TSE: 4689), will begin its tender offer for BEENOS Inc. (TSE: 3328) on March 24, 2025. The offer, previously announced in December 2024, aims to make BEENOS a wholly-owned subsidiary of LINE Yahoo. LINE Yahoo is offering ¥4,000 per BEENOS share, with a minimum purchase target of 8,876,800 shares.The tender offer period will run until May 7, 2025. The process of achieving a fully consolidated subsidiary status will involve a squeeze-out procedure, which is expected to begin following the TOB.
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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