Fujifilm, Taisho, Toyama deal

On Feb. 19, Fujifilm will make a tender offer to acquire the 153 million shares (78%) of Toyama not held by Taisho or Toyama for ¥880 per share, or about ¥135 billion ($1.3 billion) in cash. The offer is a 39% premium to Toyama’s closing price of ¥631 on Feb. 12, the day before the deal was announced. The offer will close March 18. Fujifilm will accept a minimum of 73 million Toyama shares. ...