May 01, 2012

Biznet To Go Private

Biznet Corp., an office supply procurement servicer, announced that Biznet approved a tender offer from its parent company Plus Co. The TOB price is set at 102 yen, a 36% premium over its 3-month average. Plus Co. is a stationary manufacturer as well as a 49% shareholder of Biznet. Biznet went public in August 2005.

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