Japan's DCM to launch offer to buy Shimachu for $1.6 bln (updated)
02/10/2020 08:04
(Recasts with announcement)
TOKYO, Oct 2 (Reuters) - Japan's DCM Holdings 3050.T ,
operator of home supplies centres, said on Friday it was aiming
to buy furniture retailer Shimachu Co 8184.T for around 164
billion yen ($1.6 billion)
DCM said it would seek to buy all the shares of Shimachu
through a tender offer at 4,200 yen per share, or a 19% premium
to Friday's closing price.
The offer will run from Monday through Nov. 16, DCM said in
a statement.
($1 = 105.0700 yen)
(Reporting by Chris Gallagher; Editing by Muralikumar
Anantharaman)
((chris.gallagher@thomsonreuters.com;))