- Apr 1
- 1 min read

Japan Isetan Offers to Take Singapore Isetan Private

JAPAN’S Isetan Mitsukoshi is looking to take SGX-listed Isetan Singapore private by fully acquiring all the shares it do not own. Isetan Japan proposed to offer a consideration of SGD7.20 for each target share, the company said on Monday.

The offer price implies a 37.4% premium over the counter’s highest closing market price of SGD5.24 in the past five years. It also offers a 26.3% premium over the highest intra-day traded price of SGD5.70 over the same period.