Aeon Co (TYO:8267) will acquire all remaining shares of AEON Mall through a share exchange, making it a wholly owned subsidiary effective July 1, according to a bourse filing on Monday.
AEON Mall shareholders will receive 0.65 AEON shares for each AEON Mall share, with AEON Mall shares delisting on June 27.
The move aims to enhance corporate value by leveraging AEON Group resources, expanding business opportunities, and unifying digital marketing and real estate strategies.
Independent third-party valuations and a special committee ensured fairness, with negotiations raising the exchange ratio from an initial 0.57 to 0.65, read the filing.
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