Two Fukuoka Investors Sell Out of Storage-Oh Entirely as Tender Offer Closes
A combined 26.1% stake in the storage operator, held by two Fukuoka investors, hit zero on August 21 when both tendered every share into a tender offer at ¥1,340 apiece.
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STORAGE-OH Co.,Ltd.
Latest Tokyo Brief coverage on STORAGE-OH Co.,Ltd., tracking filings, financial news, and market signals from Japan.
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TSE:2997
Arealink Takes 84.14% Control of Storage-Oh After Tender Offer Clears
Arealink bought every tendered share and warrant in its bid for Storage-Oh, pushing its voting stake to 84.14% and clearing the way for a parent-company change on August 28.
Arealink to Take Storage-Oh Private at ¥1,340 a Share
Storage-Oh's board has told shareholders to tender into Arealink's ¥1,340-a-share offer, a 42.25% premium over the pre-announcement price, with major holders already locked in and a squeeze-out ready for anyone who holds out.