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An update from Sumitomo Densetsu Co ( (JP:1949) ) is now available.
Sumitomo Densetsu Co., Ltd. has announced its board’s approval of a tender offer by Daiwa House Industry Co., Ltd. to acquire all its common stock, aiming to make Sumitomo Densetsu a wholly-owned subsidiary. This strategic move is expected to result in the delisting of Sumitomo Densetsu’s shares from the Tokyo Stock Exchange, with implications for stakeholders including a potential shift in company operations and market positioning.
The most recent analyst rating on (JP:1949) stock is a Buy with a Yen8213.00 price target. To see the full list of analyst forecasts on Sumitomo Densetsu Co stock, see the JP:1949 Stock Forecast page.
More about Sumitomo Densetsu Co
Sumitomo Densetsu Co., Ltd. operates in the construction and engineering industry, focusing on providing electrical and telecommunications infrastructure services. The company is known for its expertise in building and maintaining essential infrastructure, serving a variety of sectors including commercial, industrial, and public works.
Average Trading Volume: 61,936
Technical Sentiment Signal: Buy
Current Market Cap: Yen271.1B
See more data about 1949 stock on TipRanks’ Stock Analysis page.