TOKYO: Japanese retail group Aeon Co
announced on Thursday a takeover bid for Can Do Co, a popular chain offering household goods for 100 yen.
Can Do said its position on the bid was neutral, meaning it would neither back nor oppose Aeon's offer, which was priced at 2,700 yen ($23.79) per share in an initial round, followed by a second round at 2,300 yen a share. Can Do shares closed at 1,858 yen on Thursday. - Reuters