Shinko Shoji Board Supports Tender Offer, Recommends Shareholders Tender

TOKYO, Jul 17 (Pulse News Wire) – Shinko Shoji Co.,Ltd. (8141.T) announced that its board has expressed support for the tender offer by the bidder at ¥1,580 per share.

The board recommends that shareholders tender their shares.

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