LIXIL Group Corporation (TSE:5938) plans to sell its majority stake in an operator of home improvement stores to a domestic peer, Nikkei has learned. Lixil intends to offload its entire 53% interest in publicly listed Lixil Viva Corporation (TSE:3564) to Arcland Sakamoto Co.,Ltd. (TSE:9842), which will conduct a tender offer anticipated to reach roughly ¥100 billion ($912 million). Arcland is expected to launch the offer as early as this month, offering around ¥2,600 per share.
Lixil Viva Corporation
Equities
3564
JP3970100008
Home Improvement Products & Services Retailers
Stocks mentioned in the article
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5d. change
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Capi.
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1,909 JPY | +1.01% | +0.21% | 757M | ||
1,793 JPY | +1.30% | +4.58% | 3.27B | ||
1st Jan change | Capi. | |
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-2.23% | 336B | |
+4.28% | 133B | |
+4.99% | 5.96B | |
-11.11% | 3.7B | |
+22.76% | 3.55B | |
-2.65% | 2.27B | |
+4.07% | 1.88B | |
-27.78% | 1.73B | |
+7.82% | 1.74B |