Japan's Aeon announces takeover bid for discount shop Can Do

TOKYO: Japanese retail group Aeon Co announced on Thursday a takeover bid for Can Do Co, a popular chain offering household goods for 100 yen.

Can Do said its position on the bid was neutral, meaning it would neither back nor oppose Aeon's offer, which was priced at 2,700 yen ($23.79) per share in an initial round, followed by a second round at 2,300 yen a share. Can Do shares closed at 1,858 yen on Thursday. - Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Aeon Co , Can Do , 100 yen


Next In Business News

Myanmar, with US$6b in foreign reserves, is doing utmost to stabilise currency
Thailand approves US$1.64b more support measures
Edra wins bid to build 600MW power plant in Bangladesh
Malaysia's retirement scheme third in Asia
UK reveals US$13.3b of inward investment in green push
Bitcoin pushes toward record before debut of futures-based ETF
Hong Kong's new China futures create bourse history, but lag rival Singapore
Chinese property bonds firm after Kaisa and Sunac make coupon payments
CIDB hopes for funds to boost tech in construction
IOI Corp offers to buy debt notes

Others Also Read