WAVELOCK HOLDINGS CO.,LTD. [7940.T]

TOKYO, May 20 (Pulse News Wire) – WAVELOCK HOLDINGS CO.,LTD. (7940.T) announced that its board has expressed support for the management buyout by the bidder at ¥921 per share.

The board recommends that shareholders tender their shares.

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

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