J-Star targets buyout of JASDAQ-listed drugstore chain
J-Star has launched a tender offer for drugstore chain Aisei Pharmacy that values the JASDAQ-listed company at approximately JPY12.7 billion ($112.5 million). This is the private equity firm’s first-ever tender offer.
A vehicle owned by J-Star is offering to buy up to 2.38 million shares in Aisei at JPY5,300 apiece, according to a filing. The company's stock closed at JPY4,380 on February 4, the day before the offer...
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