Japan's Aeon announces takeover bid for discount shop Can Do

TheStar Thu, Oct 14, 2021 03:00pm - 1 week ago View Original

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

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