Mandom Corporation Supports MBO Amid Market Fluctuations

Mandom Corporation's board supports a management buyout (MBO) by Kalon Holdings, urging shareholders to tender their shares despite market fluctuations. The MBO aims to take the company private, offering 1,960 yen per share, which is below the current market price. The latest analyst rating for Mandom stock (JP:4917) is a Hold, with a price target of Yen2456.00. Mandom operates in the personal care industry and is listed on the Tokyo Stock Exchange with a market cap of Yen106.3B.