Osaka Port Development To Go Private

Osakakoshinko Co., Ltd., a listed Osaka-based port and building management company, announced that Osakakoshinko approved a tender offer by Tasumi Shokai Co., Ltd., a private Osaka-based logistics company. The TOB price is set at 2,650 yen, a 37.7% premium over its 3 month average. Tatsumi Shokai is the largest shareholder of Osakakoshinko. Osakakoshinko will be delisted upon the successful conclusion of the deal.