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4924 - Ci:z Holdings Co News Story

¥5890 0.0  0.0%

Last Trade - 19/04/19

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £326.7m
Position in Universe th / 3902

J&J makes $2.1 bln offer to buy out Japan cosmetics firm Ci:z

Tue 23rd October, 2018 9:01am
TOKYO, Oct 23 (Reuters) - U.S. healthcare conglomerate
Johnson & Johnson  JNJ.N  said on Tuesday it is acquiring all
outstanding shares of Japanese cosmetics firm Ci:z Holdings Co
Ltd  4924.T  that it does not already own for 230 billion yen
($2.05 billion).
    The U.S. company will pay 5,900 yen per Ci:z share, a 55
percent premium over Tuesday's closing price, and expects the
deal to strengthen its market presence in Japan, J&J said in a
statement.
    J&J is the second largest shareholder of the Japanese firm
and owns a 19.9 percent stake through its affiliate.
($1 = 112.3500 yen)

 (Reporting by Makiko Yamazaki and Chris Gallagher; Editing by
Muralikumar Anantharaman)
 ((chris.gallagher@thomsonreuters.com; https://twitter.com/ChrisGallagher4
 ; 81-3-6441-1842; Reuters Messaging:
chris.gallagher.thomsonreuters.com@reuters.net))
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