Acquisition | KEIYO CO LTD | 20th November 2023
On 2 October 2023, DCM HOLDINGS (DCM JAPAN) ORD launched a tender offer to acquire the entire share capital of KEIYO CO LTD. Each shareholder of KEIYO CO LTD will receive JPY 1300 in cash for every share held. The offer ended on 14 November, 2023. Based on the provisional interim results announced on November 15, 2023 the acquirer holds 90.7 percent shares of KEIYO CO LTD. As the free float of KEIYO CO LTD has dropped below 15 percent, Solactive AG will remove KEIYO CO LTD with 2 days notice.
The treatment below will be applied to the following indices:
- KEIYO CO LTD will be removed from the Index.
- The weight of KEIYO CO LTD (8168.T) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 20/11/2023
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