Aeon Co., Ltd. completed the acquisition of an additional 0.15351% minority stake in Can Do Co., Ltd. for ¥59.2 million.
December 26, 2021
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Aeon Co., Ltd. (TSE:8267) made an offer to acquire an additional 35.4% minority stake in Can Do Co., Ltd. (TSE:2698) for ¥13.7 billion on November 29, 2021. Aeon will acquire 5.936963 million shares of Can Do Co. at a price of ¥2300 per share. Listing of Can Do Co.'s shares will be maintained even after the purchase. Offer will open on November 30, 2021 and will close on December 27, 2021. Kitahama Partners acted as legal advisor to Can Do Co., Ltd. and Aeon Co., Ltd. Deloitte Tohmatsu Financial Advisory LLC acted as financial advisor to Can Do Co., Ltd. and Aeon Co., Ltd.
Aeon Co., Ltd. (TSE:8267) completed the acquisition of an additional 0.15351% minority stake in Can Do Co., Ltd. (TSE:2698) for ¥59.2 million on December 27, 2021. 0.025744 million shares of Can Do Co. were tendered under the Offer.
CAN DO CO., LTD. is a Japan-based company primarily engaged in the operation of retail store chains that selling convenience goods and processed food products. The Company is engaged in the planning and procurement of products, and the sale of products in owned retail stores, the wholesale of products to franchise stores and overseas retailers. The main products include kitchen supplies, stationeries, office supplies, bath and toilet supplies, cleaning and laundry supplies, clothing and bags, health and beauty products, interior products, home supplies and digital products, as well as food products such as dried fruits, snacks, processed food, nuts, health supplements and others.
CAN DO CO., LTD. 