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.
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Arealink Co.,Ltd.
Latest Tokyo Brief coverage on Arealink Co.,Ltd., tracking filings, financial news, and market signals from Japan.
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TSE:8914
Arealink Lifts Profit Guidance, Raises Dividend, and Bids for a Tokyo-Area Storage Rival
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.
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.