LY (TYO:4689) will merge with its wholly owned subsidiary, Z Financial, in an absorption-type merger, according to a Tuesday filing on the Tokyo Stock Exchange.
The company will be the surviving entity, while Z Financial will be absorbed.
The merger aims to optimize the resources of the LY group, which includes businesses in internet advertising, e-commerce, and member services.
Price (JPY): $443.00, Change: $+5.0, Percent Change: +1.14%
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