Secom, IS Frontier Partners Complete Tender Offer for Pasco Shares

MT Newswires Live10-24

Secom and IS Frontier Partners, both held by Itochu (TYO:8001), have successfully concluded the tender offer for the common stock of Pasco (TYO:9232) on Oct. 22, according to its filling on Wednesday.

The offer price was set at 2,140 yen per share of common stock, with no minimum or maximum limits established for the number of shares to be purchased.

As a result, the offerors will purchase all the tendered shares, as detailed in the public notice of the commencement of the tender offer and the tender offer registration statement.

According to the tender offer registration statement, Secom will purchase up to 480,941 shares of the total tendered shares, with IS Frontier Partners acquiring the remaining shares.

However, if the total number of tendered shares is less than 480,941, Secom will purchase all of them, resulting in SECOM acquiring 480,941 shares and IS Frontier Partners acquiring 2.83 million shares.

Price (JPY): $7514.00, Change: $-86, Percent Change: -1.13%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment