WealthNavi (TYO:7342) confirmed the completion of MUFG Bank's (TYO:8306) tender offer on Jan. 20, with the total shares tendered surpassing the minimum requirement, according to a Tuesday filing on the Tokyo Stock Exchange.
As a result, MUFG Bank will acquire over 50% of WealthNavi's voting rights, becoming the new parent company and largest shareholder, effective Jan. 27.
Price (JPY): $1941.00, Change: $+3.0, Percent Change: +0.15%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.