Proto (TYO:4298) is set to be taken private after Foresight Co. completed a successful tender offer for 12.5 million shares, or 30.9% of total voting rights, according to a Saturday filing on the Tokyo Stock Exchange.
The deal lifts Foresight and affiliate Mugen Co.'s combined stake to 64.6%, triggering a change in Proto's parent company and major shareholder status, effective April 11.
Nagoya-based Foresight was formed in December 2024 and is wholly owned by Mugen, a longtime major shareholder in Proto. Hiroichi Yokoyama, chairman of Proto, also leads Foresight.
The company said it will move ahead with procedures to acquire the remaining shares and delist from the Tokyo and Nagoya stock exchanges.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。