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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Colowide Co.,Ltd.    7616   JP3305970000

COLOWIDE CO.,LTD.

(7616)
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Colowide : boosts Ootoya stake to 46.77% in successful takeover bid

09/08/2020 | 10:58pm EST

Japanese restaurant chain operator Colowide Co. said Wednesday it has raised its stake in struggling dining chain Ootoya Holdings Co. to 46.77 percent following a hostile takeover bid.

Colowide, which runs a wide range of Japanese-style pubs and restaurants including the grilled beef eatery Gyu-Kaku, has said it plans to immediately send new directors to Ootoya after an extraordinary shareholders' meeting to turn around the latter's business following the takeover bid launched in July and extended in late August.

Colowide said the tender offer successfully ended Tuesday after it received enough offers from Ootoya shareholders to raise its stake in the set-menu eatery above the targeted lower limit of 40 percent.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
COLOWIDE CO.,LTD. 2.18% 1550 End-of-day quote.-31.45%
OOTOYA HOLDINGS CO., LTD. -0.80% 1993 End-of-day quote.-16.08%
All news about COLOWIDE CO.,LTD.
11/04OOTOYA : reshuffles management after Colowide's hostile takeover bid
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09/09UPDATE2 : Colowide to seek Ootoya management change after success in takeover
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09/09Japan stocks hit 1-1/2-week low as U.S. tech rout turns contagious
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09/08UPDATE1 : Eatery operator Colowide boosts Ootoya stake to 46.77% in takeover bid
AQ
09/08Japanese shares hit 1-1/2 week low on U.S. tech selloff
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09/08COLOWIDE : boosts Ootoya stake to 46.77% in successful takeover bid
AQ
09/08OOTOYA : Japan's Colowide says it's won fast-food fight to take over rival Ootoy..
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09/08COLOWIDE : succeeds in hostile takeover bid over Ootoya
AQ
09/08COLOWIDE : Japan's Colowide says it's won fast-food fight to take over rival Oot..
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08/26Japanese shares pause after prior session rally
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More news
Financials
Sales 2020 235 B 2 252 M 2 252 M
Net income 2020 -6 447 M -61,7 M -61,7 M
Net Debt 2020 125 B 1 194 M 1 194 M
P/E ratio 2020 -18,4x
Yield 2020 0,31%
Capitalization 115 B 1 094 M 1 096 M
EV / Sales 2019 1,05x
EV / Sales 2020 1,05x
Nbr of Employees 5 420
Free-Float 76,8%
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Income Statement Evolution
Managers
NameTitle
Kohei Nojiri President & Representative Director
Kaneo Kurodo Chairman
Masaki Kurodo Senior Managing Director
Ikuta Fukasawa Director
Hidekazu Seo Director
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