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Business · 2 hours ago

Itochu to buy Dentsu Soken for $1.3 billion

Itochu to buy Dentsu Soken for $1.3 billion

Japanese trading house Itochu plans to launch a tender offer to acquire Dentsu Soken at ¥2,880 per share. The deal, valued at around $1.3 billion (¥215.2 billion), would remove Dentsu Soken from public listing and end its parent-subsidiary structure. The offer is expected to run from early November to early December, with Dentsu Group keeping its shares and helping Itochu manage the business.

Reported by The Japan Times · How we write briefs

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