SCSK Corporation Supports Tender Offer by Sumitomo Subsidiary
SCSK Corporation's Board of Directors has supported a tender offer from SC Investments Management Inc., a Sumitomo Corporation subsidiary, to acquire all shares of SCSK. This aims to make SCSK a wholly-owned subsidiary and delist its shares, affecting market presence and shareholder dynamics. The latest analyst rating for SCSK stock (JP:9719) is a Hold with a price target of Yen4601.00. SCSK operates in the IT sector, providing software and information processing services, and is a subsidiary of Sumitomo Corporation.
An announcement from SCSK Corporation ( (JP:9719) ) is now available.
SCSK Corporation’s Board of Directors has expressed support for a tender offer by SC Investments Management Inc., a subsidiary of Sumitomo Corporation, to acquire all of SCSK’s shares. This move is part of Sumitomo’s plan to make SCSK a wholly-owned subsidiary, with the intention of delisting its shares, which could significantly impact the company’s market presence and shareholder dynamics.
The most recent analyst rating on (JP:9719) stock is a Hold with a Yen4601.00 price target. To see the full list of analyst forecasts on SCSK Corporation stock, see the JP:9719 Stock Forecast page.
More about SCSK Corporation
SCSK Corporation operates in the information technology industry, providing software development, information processing services, and hardware and software products. The company is a consolidated subsidiary of Sumitomo Corporation, which is its controlling shareholder.
Average Trading Volume: 963,045
Technical Sentiment Signal: Buy
Current Market Cap: Yen1331.7B
See more insights into 9719 stock on TipRanks’ Stock Analysis page.
