Satudora Holdings Board Supports Tender Offer, Recommends Shareholders Tender

TOKYO, Jul 17 (Pulse News Wire) – SATUDORA HOLDINGS CO.,LTD. (3544.S) announced that its board has expressed support for the management buyout by the bidder at ¥1,220 per share.

The board recommends that shareholders tender their shares.

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