FilingReader Intelligence

Sumitomo launches tender offer for own shares at discount

July 31, 2025 at 04:09 AM UTCBy FilingReader AI

Sumitomo Corporation will conduct a tender offer for up to 7.7 million common shares at 3,380 yen per share, a 10% discount from the one-month average.

The offer is partly in response to a major shareholder's intention to sell cross-shareholdings. The tender period runs from August 1 to September 1, 2025.

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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