Japan's Kirin Gains Control of Fancl in Diversification Push [Yahoo! Finance]
KIRIN HLDGS CO LTD S/ADR (KNBWY)
US:NASDAQ Investor Relations:
kirinholdings.co.jp/english/ir
Company Research
Source: Yahoo! Finance
(Bloomberg) -- Kirin Holdings Co. completed its takeover of Fancl Corp., in a deal that will help the Japanese brewer achieve its goal of diversifying revenue beyond alcohol and beverages. Most Read from Bloomberg The company gained control of 75.2% of the Japanese skincare and supplement brand after holders of 42.7% of shares accepted its ¥2,800-a-share offer ($19.65), according to an exchange filing. Before the takeover offer, Kirin already held 32.6% of Fancl. The acquisition is in keeping with Kirin's strategy to diversify into wellness and healthcare to boost revenue streams, amid declining sales of alcohol in a nation grappling with an aging population. Fancl will help strengthen Kirin's health science business, along with Blackmores, the largest Australian health food company, which it acquired in 2023. Kirin's final offer for Fancl represented a ¥110 per share increase from its initial bid, and the company had intended to spend ¥230 billion on the transaction. Fancl
Show less
Read more
Impact Snapshot
Event Time:
KNBWY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KNBWY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KNBWY alerts
High impacting KIRIN HLDGS CO LTD S/ADR news events
Weekly update
A roundup of the hottest topics
KNBWY
News
- Kura Oncology: A Contender In The Field Of Precision Medicine [Seeking Alpha]Seeking Alpha
- New Report Reveals Wisconsin Dairy Industry Up 16%, Contributing $52.8 Billion to State's Economy [Yahoo! Finance]Yahoo! Finance
- Kyowa Kirin Announces Changes in Top Leadership Positions to Strengthen Operations as a Global Specialty Pharmaceutical Company [Yahoo! Finance]Yahoo! Finance
- Kyowa Kirin Announces Changes in Top Leadership Positions to Strengthen Operations as a Global Specialty Pharmaceutical CompanyBusiness Wire
- Kyowa Hakko USA Receives U.S. Patent for Cognizin® Citicoline, Cementing Its Position as the Gold Standard Ingredient for Cognitive HealthPR Web