
Aeon set to make drugstore chain Tsuruha a subsidiary next week
Aeon revised up its consolidated earnings estimates, reflecting the acquisition of Tsuruha.
The Japan Times
Tsuruha shareholders approve future merger with rival drugstore Welcia
Tsuruha, based in Sapporo, has announced it will integrate its operations with Welcia, the biggest force within the Japanese pharmacy industry, in December.
The Japan TimesShareholders of Japanese drugstore chain operator Tsuruha will soon votey on a proposal that would result in its acquisition by retail giant Aeon, a move that has been panned by major investors.
https://www.japantimes.co.jp/business/2025/05/23/companies/tsuruha-aeon-merger-plan/?utm_medium=Social&utm_source=mastodon #business #companies #aeon #tsuruha #acquisitions #mergers #stocks #investments
Tsuruha shareholders to vote on criticized Aeon merger plan
The chorus reflects rising shareholder activism in Japan in recent years as the country’s governance reforms embolden investors.
The Japan Times
Japan's Aeon in exclusive talks to buy Tsuruha stake from Oasis
An increase in Aeon's stake would add to its drugstore business, a key growth driver for the firm.
The Japan TimesTsuruha Holdings is exploring a sale that could value the Japanese pharmacy chain at about $4 billion or even more, people familiar with the matter said, after winning a proxy fight with activist investor Oasis Management over a reshuffle of the board.
https://www.japantimes.co.jp/business/2023/11/15/companies/tsuruha-pharmacy-considers-sale/?utm_content=bufferbcd3e&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #tsuruha #hokkaido #stocks
Japan’s Tsuruha weighs sale after proxy battle with Oasis
The company is working with an adviser on the potential transaction and has reached out to some private equity firms to gauge their interest.
The Japan Times