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JYP Entertainment soars 10% on reports of tender offer plan to buy up to half of firm
South Korean pop music agency JYP Entertainment's KRX:035900 shares jumped 10% on Tuesday after Korean media reported Japan's Nexroc Group and related firm SVCV Inc were planning to announce a tender offer to buy up to a 50% stake in the company.The 50% stake is worth about 700 billion won ($528.04…
JYP Entertainment shares rally on report of tender offer to buy up to 50% stake
South Korean pop music agency JYP Entertainment KRX:035900 shares rallied on Tuesday, jumping 10% after Korean media reported Japan's Nexroc Group and SVCV Inc were planning to announce a tender offer to buy up to a 50% stake in the company.
Japanese Group Targets 50% Stake in JYP Entertainment
Japanese Group Targets 50% Stake in JYP Entertainment NEXROC and SVCV plan 30% premium tender; JYP denies receiving acquisition proposal
Nexroc postpones submission of bid for JYP Entertainment
Nexroc postponed its proposed bid for a 25–50% stake in JYP Entertainment to November 2. Neither company confirmed whether the bid was submitted, while questions remain over Nexroc’s financing.
JYP Entertainment shares rally on report of tender offer to buy up to 50% stake
South Korean pop music agency JYP Entertainment's KRX:035900 shares rallied on Tuesday, jumping 10% after Korean media reported Japan's Nexroc Group and SVCV Inc were planning to announce a tender offer to buy up to a 50% stake in the company.The 50% stake is worth about 700 billion won ($528.04 mi…
JYP Entertainment Jumped On Talk Of A 50% Tender Offer
Reports said Japan’s Nexroc Group and SVCV could target 25%-50% of the K-pop agency at a roughly 30% premium, even as JYP said it hasn’t received an offer.