TOB July 9 at 9:14 pm at Corowide Otoya Holdings Co., Ltd.
Corowide, a major restaurant company that develops Gyukaku etc., has announced that it will start a tender offer for TOB = stocks to set meal chain Otoya Holdings.
Corowide is currently the largest shareholder with approximately 19% of Otoya shares, but we are aiming to make it a subsidiary by increasing the percentage of shares held by TOB to a majority.
The total purchase price is 3081 yen per share, and the maximum total purchase price is 7.1 billion yen. It will be implemented from 10th to 25th of next month.