Medipal says Paltac tender offer draws 24,466,104 shares at JPY 6,650 each
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Medipal completed its tender offer for Paltac, acquiring 24,466,104 shares at JPY 6,650 each. The offer closed on July 7, exceeding the minimum threshold, with settlement scheduled for July 14. Medipal's ownership stake increased to 92.64% from 52.40%. Subsequent steps involve squeeze-out procedures to make Medipal the sole shareholder, potentially leading to Paltac's delisting.
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