Yoshinoya to take control of steak house Don
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
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Seiryu
Haha, a "tender" offer, to acquire a majority "stake" ;)
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presto345
Nice! So Yoshinoya is returning to beef.
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plasticmonkey
Yoshinoya made the Don an offer he couldn't refuse.
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Spidey
Don: Yoa! Tony! Whip me upa bowla dat delicious gyudonni. Dats a good gyudonni!
S
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Altria
Mmm...tender offer.
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Hughgarse
Yoshinoya.. aka "Rats On Rice"
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