TOKYO, Mar 10 (Pulse News Wire) – Wavelock Holdings CO.,LTD. (7940.T) received a proposal from its largest shareholder group, City Index Eleven, to delist through a share consolidation.
Under the plan, City Index Eleven would support financing and vote in favor of the move at the upcoming shareholders' meeting. The proposed price per share is ¥1,070, surpassing previous tender offer prices and valuation benchmarks set by KPMG's DCF method.
The board has established a special committee to review the proposal alongside other potential options aimed at maximizing shareholder value. While no decisions have been made yet, the company commits to disclosing any significant developments promptly.
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