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Aeon Co Ltd to Launch Takeover Bid for Shares of GFoot Co Ltd


Tuesday, 20 Aug 2013 02:30am EDT 

Aeon Co Ltd announced that it will launch a takeover bid for shares of GFoot Co Ltd. Aeon intends to acquire 5,800,149 shares in GFoot for JPY 1,762 per share (JPY 10,219 million in total) during the period from August 21, 2013 to September 18, 2013. If Aeon acquires as many as 5,800,149 shares, it will increase its stake in GFoot from 44.31% to 100%. 

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