Japan’s Lawson shares an 18% boost after a $3.4 billion privatization offer from KDDI and Mitsubishi. KDDI plans a 50% stake purchase at a 16% premium, aiming to leverage Lawson’s stores for product promotion.
The deal, set for September, involves delisting Lawson from the Tokyo Stock Exchange.
1. Lawson shares jumped 18% on a $3.4 billion privatization offer by KDDI and Mitsubishi.
2. KDDI proposes a 50% stake purchase at a 16% premium, with the deal expected to conclude in September.
3. Lawson to be delisted from the Tokyo Stock Exchange post-completion, as per Mitsubishi.
4. KDDI plans to utilize Lawson’s stores for promoting banking and insurance products.
5. The strategic move aligns Lawson’s retail network with KDDI’s diverse offerings.
