Ryomo Systems Board Supports Tender Offer, Recommends Shareholders Tender

TOKYO, Aug 04 (Pulse News Wire) – RYOMO SYSTEMS CO.,LTD. (9691.T) announced that its board has expressed support for the management buyout by the bidder at ¥4,400 per share.

The board recommends that shareholders tender their shares.

The company established an independent special committee to review the transaction.