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Mandom ( (JP:4917) ) has provided an announcement.
Mandom Corporation has announced an amendment to its previous recommendation regarding a management buyout (MBO) and tender offer by Kalon Holdings. Due to a significant increase in share acquisition by City Index Eleventh Co., Ltd. and others, the likelihood of the tender offer’s success has decreased. Consequently, Mandom’s board has decided to maintain its favorable opinion of the tender offer but withdraws its recommendation for shareholders to tender their shares, leaving the decision to individual shareholders. The company has also introduced a response policy to protect its corporate value and shareholder interests.
The most recent analyst rating on (JP:4917) stock is a Buy with a Yen2690.00 price target. To see the full list of analyst forecasts on Mandom stock, see the JP:4917 Stock Forecast page.
More about Mandom
Mandom Corporation operates in the cosmetics industry, focusing on the development and sale of beauty and personal care products. The company is listed on the Prime Market of the Tokyo Stock Exchange under the securities code 4917.
Average Trading Volume: 672,936
Technical Sentiment Signal: Buy
Current Market Cap: Yen109.1B
Find detailed analytics on 4917 stock on TipRanks’ Stock Analysis page.