Daiseki Launches ¥1,850 Per Share Takeover Bid for Daiseki S

The move aims to acquire all shares of its subsidiary Daiseki S, making it wholly owned.

Summary

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Terms & Concepts
  • Takeover Bid (TOB): A public offer to purchase some or all shares of a company at a specified price, usually above market value, to gain control over the target firm.
  • Wholly Owned Subsidiary: A company whose entire share capital is held by another company, granting full control over its operations and decisions.