Reported 25 days ago
Tokyo's high court has ruled that the fair value of FamilyMart shares is 13% higher than Itochu's buyout offer, granting a significant victory to minority shareholders. This ruling, dated October 31, overturns Itochu's initial offer and could pave the way for similar cases in Japan, as it emphasizes the need for fair processes in buyouts. FamilyMart plans to appeal the decision, expressing disappointment that the fairness of their procedures was not recognized.
Source: YAHOO