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Latest Tokyo Brief coverage on Arealink Co.,Ltd., tracking filings, financial news, and market signals from Japan.
TSE:8914
Japan's biggest self-storage operator raised its full-year profit forecast after 19% first-half operating-profit growth, and is spending about ¥2.6bn at a 42% premium to take full control of a smaller Tokyo-area rival.
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.