Medirom Healthcare climbs after $3.36 mln hair salon buyout

MEDIROM Healthcare Technologies

23/09/2021 11:10

** U.S.-listed shares of Japan-based health and lifestyle co
 MRM.O  jump 40.7% to $10.40 premarket; one of top three pct
gainers across exchanges before opening bell
    ** More than 15x 25-DMA shares traded
    ** MRM said on Wednesday after market close that it will buy
Japanese private hair salon operator Zacc Kabushiki Kaisha in an
all-cash deal of 370.0 mln yen ($3.36 mln)  urn:newsml:reuters.com:*:nGNX2VgQXh
    ** The two-stage buyout deal expected to close on Jan. 1,
2022 - MRM
    ** Stock had fallen ~49% YTD up to Wednesday's close

($1 = 109.9600 yen)

 (Reporting by Ruhi Soni in Bengaluru;)
 ((Ruhi.Soni@thomsonreuters.com;))