Isetan Japan Makes Big Offer to Singapore Isetan Investors

JAPAN’S Isetan Mitsukoshi is looking to take SGX-listed Isetan Singapore private by fully acquiring all the outstanding shares on the market.

Isetan Japan proposed to offer a consideration of SGD7.20 for each target share, the company said on Monday.

The offer price implies a 37.4% premium over the counter’s highest closing market price of SGD5.24 in the past five years. It also offers a 26.3% premium over the highest intra-day traded price of SGD5.70 over the same period.

APMR News