Oasis Management Calls FamilyMart for Special Dividend
August 06, 2020 at 09:14 pm EDT
On August 7, 2020, Oasis Management Company Ltd. urges FamilyMart Co., Ltd board to protect minority shareholders. Oasis Management stated that it calls on the Company Board to pay special dividend. In addition, Oasis Management stated that it calls on the Company to set record date for special dividend prior to settlement of tender offer which the Company’s parent company, Itochu Corporation, through its subsidiary Retail Investment Company, LLC, announced its intention to launch a tender offer for the Company at 2,300Y per share and subsequently privatize the Company.