Japan's KDDI, Mitsubishi Corp plan tender offer to take Lawson private (updated)

Lawson

06/02/2024 06:21

(Updates with details from release)
       TOKYO, Feb 6 (Reuters) - Japanese mobile carrier KDDI
Corp  9433.T  is planning to launch a tender offer along with
trading company Mitsubishi Corp  8058.T  for convenience store
chain Lawson  2651.T  to take it private, it said on Tuesday.
    Lawson is currently a subsidiary of Mitsubishi Corp, which
holds just over 50% of Lawson's shares. If the deal goes through
both KDDI and Mitsubishi Corp would hold 50% of Lawson's shares.
        The companies plan to commence the offer in April this
year.
  
    The tender offer is expected to be worth around 500 billion
yen ($3.37 billion), Japan's Nikkei newspaper reported. 

    ($1 = 148.4600 yen)

 (Reporting by Satoshi Sugiyama and Anton Bridge; Editing by Tom
Hogue and Kim Coghill)
 ((Satoshi.Sugiyama@thomsonreuters.com;))