Alvis is showing signs of hitting the limit-high buying orders. Life Corporation announced it will acquire the company, with a TOB price of 3,780 yen, a 51% premium over the previous day's closing price. The plan is to take the company private, with the TOB period running from September 9 to November 10. Alvis has expressed its support and recommends shareholders to tender their shares. This is Life Corp's first acquisition of a peer company, and it aims to pursue economies of scale.
Life CorporationLife Corporation announced a TOB to acquire Alvis at a 51% premium, its first peer acquisition aimed at economies of scale.
