Japanet Announces Withdrawal of TOB for Twinbird

M&A · Partnership
โดย 時事通信·JP·Read original
Summary · why it matters

Japanet Holdings, a major television shopping company, announced on the 2nd that it would withdraw its TOB (takeover bid) for Twinbird, a home appliance manufacturer based in Tsubame City, Niigata Prefecture. The company stated that it "takes seriously" Twinbird's opposition to the TOB expressed at the end of last month.

Impact on stocks 1

Consumer Discretionary▲ · 1 stocks
Twinbird Corporation
6897
▲ PositiveCapitalrelevance

Japanet withdraws its TOB, removing the takeover pressure that Twinbird opposed.

Off-coverage companies 1

Japanet HoldingsPrivate▼ Negative
Capitalrelevance

Japanet abandons its TOB for Twinbird after facing opposition, failing to acquire the target.

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