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Toyo Construction’s Ownership Changes Following Successful Tender Offer

Story Highlights
  • Toyo Construction’s shares were successfully tendered by TAISEI CORPORATION.
  • TAISEI CORPORATION will become Toyo Construction’s new parent company and principal shareholder.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Toyo Construction’s Ownership Changes Following Successful Tender Offer

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Toyo Construction Co., Ltd. ( (JP:1890) ) just unveiled an update.

Toyo Construction Co., Ltd. announced the successful completion of a tender offer for its shares by TAISEI CORPORATION, which will result in changes to its parent company and largest shareholder. As a result of the tender offer, TAISEI CORPORATION will become the new parent company and principal shareholder, holding over 50% of the voting rights, while previous major shareholders, including WK 1 LLC and its affiliates, will no longer hold significant stakes.

The most recent analyst rating on (JP:1890) stock is a Buy with a Yen1988.00 price target. To see the full list of analyst forecasts on Toyo Construction Co., Ltd. stock, see the JP:1890 Stock Forecast page.

More about Toyo Construction Co., Ltd.

Average Trading Volume: 796,322

Technical Sentiment Signal: Buy

Current Market Cap: Yen162.7B

Learn more about 1890 stock on TipRanks’ Stock Analysis page.

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