"Pentel" stock fighting "Plus" purchase proposal more than one third Nov 21 22:47
Clearly, stationery maker Kokuyo has launched a hostile acquisition of Pentel, and rival stationery giant Plus has proposed to buy up to 33.4% of shares to Pentel shareholders Did.
For the writing instrument maker Pentel, both KOKUYO and PLUS are competing for the acquisition of shares.
KOKUYO has already made it clear that it wants to acquire a majority stake in Pentel and make it a subsidiary.
On the other hand, “Plus” revealed on the 21st that it proposed to buy up to 33.4% of shares through a company established to purchase shares to shareholders of “Pentel”.
The proposal agrees with Pentel's management, and explains positively that it is friendly capital participation.
According to those involved, the plus is that if you can acquire shares as proposed, you will be able to hold a majority with friendly shareholders who want to continue to hold the shares of Pentel and you can prevent KOKUYO from becoming a subsidiary.
In addition, Pentel says to its shareholders, “I am requesting in writing not to respond to a request to buy shares from KOKUYO.”
The purchase period of the positive stock will be until the 10th of next month, and the purchase period of KOKUYO will be until the 15th of the next month.