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
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!