Sunny SIDE UP Group Board Supports Tender Offer, Recommends Shareholders Tender

TOKYO, Jul 17 (Pulse News Wire) – SUNNY SIDE UP GROUP Inc. (2180.T) announced that its board has expressed support for the management buyout by at ¥1,200 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.