Aeon, a major distributor, announced that it has decided to acquire 51% of the shares and make it a subsidiary after the takeover bid for TOB = shares, which had been conducted for CAN DO, which operates a 100-yen shop, was completed.
Aeon is aiming to bring Can Do, which has more than 1,100 100-yen shops nationwide, under its umbrella, and is conducting a takeover bid for TOB = shares in two parts from October to December 27. I did.
As a result, according to the announcement, it was decided to make CAN DO a subsidiary on January 5 by acquiring 51% of the shares, including the portion transferred from the founder side in addition to the two TOBs. The TOB is said to have been established.
Even after becoming a subsidiary of Aeon, CAN DO will continue to be listed on the First Section of the Tokyo Stock Exchange.
With regard to 100-yen shops, the business environment is becoming more severe due to intensifying competition for opening stores and rising raw material prices, and CAN DO can be expected to expand store opening opportunities and reduce costs by becoming a subsidiary of Aeon. On the other hand, Aeon wants to improve its ability to attract customers by increasing the number of stores opened in shopping centers.