(Reuters) - Unsolicited tender offers are rare in Japan as the large
number of shares owned in companies by creditor banks and
business partners makes such an undertaking extremely difficult.
Steel Partners, Tenryu's largest shareholder, offered 4,945
yen for each of the common shares it did not already own. Tenryu
Saw shares closed at 4,940 yen on Wednesday when the bid expired.
Read more at Reuters.com Mergers News
number of shares owned in companies by creditor banks and
business partners makes such an undertaking extremely difficult.
Steel Partners, Tenryu's largest shareholder, offered 4,945
yen for each of the common shares it did not already own. Tenryu
Saw shares closed at 4,940 yen on Wednesday when the bid expired.
Read more at Reuters.com Mergers News
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