Japan Post unit offers to buy Tonami Holdings for $619 million (updated)
26/02/2025 07:27
Changes attribution, adds tender offer terms. TOKYO, Feb 26 (Reuters) - Japan Post Holdings 9070.T said on Wednesday that a subsidiary offered to acquire Japanese logistics company Tonami Holdings 9070.T for about 92.6 billion yen ($619 million). The unit JWT will offer 10,200 yen for each share in Tonami, Japan Post said in a statement, a 74% premium to the company's closing price on Wednesday. The Nikkei newspaper reported earlier that a Japan Post unit will set up a special-purpose company with Tonami's founding family and management, which will launch a tender offer to take the target private, while Tonami's management stays on. ($1=149.5200 yen) (Reporting by Kantaro Komiya; Editing by Clarence Fernandez) ((kantaro.komiya@thomsonreuters.com; X: @kantarokomiya;))