KISCO Holdings offers KRW 111.7 billion to take KISCO private
Bitget2026/11/01 23:04- KISCO Holdings plans to acquire 8,592,668 KISCO Corp. common shares for KRW 13,000 each, totaling KRW 111.7 billion.
- The offer targets a 23.57% stake at a 24.6% premium to the October 30 closing price.
- The tender runs November 2–23, 2026, with settlement November 25; all tendered shares will be purchased regardless of participation.
- A subsequent comprehensive share exchange planned for 2027 would make the steelmaker wholly owned, paving the way for delisting.
- The restructuring aims to eliminate duplicate listings, improve capital allocation and reduce operating costs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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