Aeon Co (TYO:8267) will acquire all remaining shares of AEON Mall through a share exchange, making it a wholly owned subsidiary effective July 1, according to a bourse filing on Monday.
AEON Mall shareholders will receive 0.65 AEON shares for each AEON Mall share, with AEON Mall shares delisting on June 27.
The move aims to enhance corporate value by leveraging AEON Group resources, expanding business opportunities, and unifying digital marketing and real estate strategies.
Independent third-party valuations and a special committee ensured fairness, with negotiations raising the exchange ratio from an initial 0.57 to 0.65, read the filing.
Price (JPY): $3904.00, Change: $-25, Percent Change: -0.64%
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.