Beenos (TYO:3328) supports LY Corp.'s (TYO:4689) planned tender offer to make Beenos a wholly owned subsidiary.
LY, which develops online advertising and e-commerce businesses, will offer 4,000 yen per common share, according to a Friday filing on the Tokyo Stock Exchange.
The offer includes share options, ranging from 14,740 yen to 292,900 yen, depending on the option series.
LY plans to start the tender on March 24, following regulatory clearance in Taiwan and Japan. Beenos' board recommended shareholders and option holders tender their shares and options.
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