SCSK Corporation Supports Tender Offer by Sumitomo Subsidiary
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SCSK Corporation's Board of Directors has supported a tender offer from SC Investments Management Inc., a Sumitomo Corporation subsidiary, to acquire all shares of SCSK. This aims to make SCSK a wholly-owned subsidiary and delist its shares, affecting market presence and shareholder dynamics. The latest analyst rating for SCSK stock (JP:9719) is a Hold with a price target of Yen4601.00. SCSK operates in the IT sector, providing software and information processing services, and is a subsidiary of Sumitomo Corporation.
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