With a stop buy order at the daily limit, after the close of trading on the 29th, Mitsubishi UFJ Bank announced that it will carry out a tender offer (TOB) to make WelathNavi a wholly-owned subsidiary. The TOB price is 1,950 yen per share, aligning the stock price with this. The minimum number of shares to be purchased is 30,981,00 shares (51.46% ownership), with no upper limit set. After the TOB is successful, the company is expected to go (delisted) after the necessary procedures. The company has expressed support for the TOB and encourages shareholders to apply.
ウェルスナビ---ストップ高買い気配、三菱UFJ銀行のTOB価格にサヤ寄せへ
WealthNavi---Stock buying atmosphere stopped high, converging with Mitsubishi UFJ bank's TOB price.
The translation is provided by third-party software.
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