Ex-FamilyMart minority shareholders secure another landmark win over Itochu buyout

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TOKYO : Tokyo's high court has ruled the fair value of FamilyMart shares was 13 per cent higher than Itochu's buyout offer, in another landmark win for minority shareholders with implications for future deals in Japan.The ruling, dated Oct.

The financial adviser to FamilyMart's independent committee had suggested a range of 2,472 yen to 3,040 yen.

FamilyMart said it planned to appeal the decision, adding it was "highly disappointed that the fairness of the procedures we have insisted upon has not been recognised".

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Shareholders Fair Court Value Minority Japan Itochu Price Offer Ruling Familymart

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 11:20:37 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23359931

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