Fancl Completes Tender Offer by Kirin
Kirin Holdings (TYO:2503) has completed its tender offer to acquire 51.9 million shares in skincare and wellness company Fancl (TYO:4921), the latter said in a Thursday filing on the Tokyo Stock Exchange.
This exceeds the minimum requirement of 41.1 million shares, resulting in the purchase of all tendered shares. Changes to Fancl's parent company and related entities are anticipated to take effect on Sept. 19.
Price (JPY): $2788.50, Change: $-6.5, Percent Change: -0.23%
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