Daiwa House Industry launched a $1.1bn tender offer for Sumitomo Densetsu.

Synopsis

Daiwa House Industry, a company which designs and builds residential, commercial and institutional buildings, launched a $1.1bn tender offer for Sumitomo Densetsu, a Japanese company that specialises in engineering and construction services.

Principals

target

Sumitomo Densetsu Co

bidder

Daiwa House Industry Co

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Market Context