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REUTERS/Kim Kyung-Hoon Lawson’s logo is seen at Lawson Open Innovation center during an event introducing its next-generation convenience store model in Tokyo, Japan December 4, 2017.
Reuters
16:26 JST, February 6, 2024
TOKYO (Reuters) – Japanese mobile carrier KDDI Corp 9433.T is planning to launch a tender offer along with trading company Mitsubishi Corp 8058.T for convenience store chain Lawson 2651.T to take it private, it said on Tuesday.
Lawson is currently a subsidiary of Mitsubishi Corp,which holds just over 50% of Lawson’s shares. If the deal goes through both KDDI and Mitsubishi Corp would hold 50% of Lawson’s shares.
The companies plan to commence the offer in April this year.
The tender offer is expected to be worth around 500 billion yen ($3.37 billion), Japan’s Nikkei newspaper reported.
