Japan's AZ-COM Maruwa launches tender offer for Chilled & Frozen Logistics

Chilled & Frozen Logistics Holdings Co

21/03/2024 06:33

TOKYO, March 21 (Reuters) - Japan's AZ-Com Maruwa
 9090.T  said on Thursday it was launching a tender offer for
Chilled & Frozen Logistics  9099.T  at 3,000 yen per share.
    The Nikkei newspaper earlier reported that the deal would
value C&L at about 80 billion yen ($530 million), and the tender
would be extended with or without approval from management of
the target company.

($1 = 150.9100 yen)

 (Reporting by Rocky Swift; Editing by Kim Coghill)
 ((rocky.swift@thomsonreuters.com;))