KOKUYO “No idea of ​​takeover or control” to Pentel employees on November 22 at 23:11

The largest stationery maker, KOKUYO, has posted a message on its website for employees of the writing instrument maker Pentel, which is launching a hostile takeover. Explains the policy of respecting management autonomy and cooperating with overseas expansion even after becoming a subsidiary.

KOKUYO has announced its policy to acquire a majority of Pentel's shares and make it a subsidiary on the 15th of this month.

However, Pentel's management has been against this offer.

To overcome this situation, KOKUYO released a message for Pentel employees on the homepage on the 22nd.

In addition to explaining that KOKUYO has no idea of ​​taking over or controlling it, it explained that it respects autonomy in the operation of many subsidiaries, as well as China, India, the Middle East and Africa. It shows the policy to cooperate in overseas expansion to.

KOKUYO says, “Pentel employees have been embarrassed and sent a message to help them understand our thoughts and eliminate anxiety.”

For Pentel, rival stationery giant Plus has also proposed buying shares, and both KOKUYO and Plus are in a struggle to acquire shares.