Foreigners-targeted Souvenior Shop Operator To Go Private Via MBO

RH Travellers Corp., a listed travel-related retailer, announced that RH Travellers approved the tender offer from investment vehicles by the CEO and other directors of RH Travellers. The TOB price is set at 118 yen, a 40.70% premium over a 3-month average. After sales nosedived from the earthquake and nuclear events, RH Traveller couldn't help changing their business model drastically. RH Traveller will be delisted upon the successful conclusion of the deal.