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The latest announcement is out from Sumitomo Mitsui Construction Co., Ltd. ( (JP:1821) ).
Sumitomo Mitsui Construction Co., Ltd. has expressed support for a tender offer by INFRONEER Holdings Inc. to acquire all of its shares, aiming to make it a wholly-owned subsidiary. The company’s board has recommended shareholders to tender their shares, with the transaction expected to lead to the delisting of Sumitomo Mitsui Construction’s shares, indicating a strategic shift in its market positioning.
More about Sumitomo Mitsui Construction Co., Ltd.
Sumitomo Mitsui Construction Co., Ltd. operates in the construction industry, focusing on building and civil engineering projects. The company is known for its comprehensive construction services and has a significant presence in the Japanese market.
Average Trading Volume: 1,124,795
Technical Sentiment Signal: Buy
Current Market Cap: Yen93.31B
See more data about 1821 stock on TipRanks’ Stock Analysis page.