"KOKUYO" announces direct acquisition of "Pentel" shares Both companies discuss agreement 24 September 19:28
“Kokuyo”, the largest stationery maker, and the writing instrument maker “Pentel”. “KOKUYO” announced that it has directly acquired approximately 37% of “Pentel”, which it had previously held through an investment fund, and the two companies have also agreed to start discussions to build a cooperative relationship.
“KOKUYO”, headquartered in Osaka, has been holding an approximately 37% stake in Pentel through investment in an investment fund since May, seeking a business alliance with “Pentel” in Tokyo. It was.
The “Pentel” side rebelled and had a confrontation that there was no prior communication regarding the shareholding.
On the 24th, KOKUYO announced that it has acquired the shares of Pentel from an investment fund and will hold them directly.
The percentage of shares held will not change, but by law, becoming a direct shareholder who has the right to veto important management matters will have a strong influence on Pentel.
The “Pentel” side, which has been rebellious so far, approved the acquisition of shares at the board meeting on the 24th, and the two companies also agreed to start a discussion to build a cooperative relationship.
“Pentel”, who decided to go to the discussion table, commented, “I decided I should talk about whether or not I can build a cooperative relationship.”