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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1,915 JPY | -1.39% | +0.84% | 769M | ||
1,672 JPY | -1.44% | -2.68% | 3.09B | ||
1st Jan change | Capi. | |
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-3.56% | 331B | |
+2.44% | 130B | |
+1.44% | 5.78B | |
-11.11% | 3.68B | |
+7.59% | 3.09B | |
-2.05% | 2.27B | |
+3.80% | 1.94B | |
-27.78% | 1.72B | |
+9.94% | 1.77B |