KDDI Plans to Start Multi-Billion Dollar Tender Offer for Lawson
Provided by
Dow Jones
By Kosaku Narioka
KDDI plans to start a multi-billion-dollar tender offer for Lawson to run the convenience-store operator jointly with its current parent Mitsubishi Corp.
The Japanese telecom company said Tuesday that it would start the tender offer around April to buy shares of Lawson at 10,360 yen a share.
KDDI plans to spend a total of Y496.50 billion ($3.34 billion) for the share acquisition.
Lawson shares closed 2.2% higher at Y8,913 on Tuesday.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
February 06, 2024 01:45 ET (06:45 GMT)
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