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1824 - Maeda News Story

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Last Trade - 28/09/21

Mid Cap
Market Cap £1.07bn
Enterprise Value £2.73bn
Revenue £4.31bn
Position in Universe th / 3906

Maeda Corp says has gained control of Maeda Road Construction in tender offer

Fri 13th March, 2020 3:24am
TOKYO, March 13 (Reuters) - Construction firm Maeda Corp
 1824.T  said on Friday it has succeeded in winning a
controlling stake in Maeda Road Construction  1883.T , a victory
for a rare hostile bid in Japan. 
    Maeda Corp said it has secured 21.8 million shares, or a 51
percent stake in Maeda Road. Maeda Corp already owned 24.68% in
Maeda Road. 
    Maeda Road opposed Maeda Corp's bid launched in January to
increase its stake, saying Maeda Corp's ownership would hurt its
corporate value.*:nL4N29T1NC

 (Reporting by Tim Kelly
Editing by Shri Navaratnam)
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