Yoshinoya to take control of steak house Don
Monday 21st July, 07:30 AM JST
TOKYO —
“Gyudon” beef bowl restaurant operator Yoshinoya Holdings Co will launch a tender offer to take control of major steak restaurant operator Don Co.
Under the tender offer, which will run from Tuesday to Aug 19, Yoshinoya aims to acquire a majority stake in Don by buying shares at 400 yen apiece. Yoshinoya is expected to spend 2.8 billion yen on the acquisition.
Last December, Yoshinoya and Don formed a business and capital alliance. Yoshinoya also purchased a 34.8 pct stake in Don to make it an affiliate under the equity method.
Through the latest move, Yoshinoya intends to reinforce the two firms’ ties in beef procurement and opening new outlets.
JCN
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6 Comments
Seiryu at 01:45 PM JST - 21st July
Haha, a "tender" offer, to acquire a majority "stake" ;)
presto345 at 04:46 PM JST - 21st July
Nice! So Yoshinoya is returning to beef.
plasticmonkey at 08:15 PM JST - 21st July
Yoshinoya made the Don an offer he couldn't refuse.
Spidey at 09:00 PM JST - 21st July
Don: Yoa! Tony! Whip me upa bowla dat delicious gyudonni. Dats a good gyudonni!
S
Altria at 10:00 AM JST - 22nd July
Mmm...tender offer.
Hughgarse at 12:55 PM JST - 22nd July
Yoshinoya.. aka "Rats On Rice"
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