Japan's Aeon announces takeover bid for discount shop Can Do
14/10/2021 07:38
TOKYO, Oct 14 (Reuters) - Japanese retail group Aeon Co
8267.T announced on Thursday a takeover bid for Can Do Co
2698.T , a popular chain offering household goods for 100 yen.
Can Do said its position on the bid was neutral, meaning it
would neither back nor oppose Aeon's offer, which was priced at
2,700 yen ($23.79) per share in an initial round, followed by a
second round at 2,300 yen a share. Can Do shares closed at 1,858
yen on Thursday.
($1 = 113.4800 yen)
(Reporting by Ritsuko Ando; Editing by Jacqueline Wong)
((Ritsuko.Ando@reuters.com; +81 3 6441 1743;))