Twinbird Opposes Japanet's TOB

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

Twinbird, a home appliance maker based in Tsubame, Niigata Prefecture, announced on the 31st that it opposes the tender offer (TOB) by Japanet Holdings, a major TV shopping company. The company cited the risk that transactions with mass retailers, its main clients, could be suspended or reduced, and that no synergies are expected. In response, Japanet commented, "We will review and organize our response and views, and communicate them again."

Impact on stocks 1

Consumer Discretionary▼ · 1 stocks
Twinbird Corporation
6897
▼ NegativeCapitalrelevance

Twinbird opposes Japanet's TOB, citing risks to main client transactions and no synergies.

Off-coverage companies 1

Japanet HoldingsPrivate± Mixed
Capitalrelevance

Japanet's TOB is opposed by Twinbird, but Japanet will review and respond, outcome uncertain.

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