Descente's central executive committee has rejected a tender offer by...

2019-02-19T00:00:00

Descente's central executive committee has rejected a tender offer by its largest shareholder, Itochu, which wanted to acquire an additional 9.56 percent stake in the company. Itochu is already the Japanese company's largest shareholder with a stake of 30.44 percent. Descente argued that Itochu wanted to focus on maximizing short-term ...

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