Paltac Board Supports Tender Offer, Recommends Shareholders Tender

TOKYO, Jul 15 (Pulse News Wire) – PALTAC CORPORATION (8283.T) announced that its board has expressed support for the tender offer by the bidder at ¥5,650 per share.

The board recommends that shareholders tender their shares.

An independent special committee established to review the transaction concluded that the terms are fair to shareholders.