LIXIL Group Corporation (TSE:5938) plans to sell its majority stake in an operator of home improvement stores to a domestic peer, Nikkei has learned. Lixil intends to offload its entire 53% interest in publicly listed Lixil Viva Corporation (TSE:3564) to Arcland Sakamoto Co.,Ltd. (TSE:9842), which will conduct a tender offer anticipated to reach roughly ¥100 billion ($912 million). Arcland is expected to launch the offer as early as this month, offering around ¥2,600 per share.
Lixil Viva Corporation
Equities
3564
JP3970100008
Home Improvement Products & Services Retailers
Stocks mentioned in the article
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5d. change
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Capi.
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1,931 JPY | -1.48% | +2.33% | 765M | ||
1,684 JPY | -0.85% | -3.33% | 3.07B | ||
1st Jan change | Capi. | |
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-3.31% | 332B | |
+3.29% | 132B | |
+1.52% | 5.73B | |
-12.82% | 3.62B | |
+6.21% | 3.05B | |
-5.07% | 2.21B | |
+5.75% | 1.98B | |
-31.94% | 1.66B | |
+12.27% | 1.26B |