Another Partial Tender Offer for Englewood Lab by Cosmecca Korea
On 3 March, Cosmecca Korea (241710 KS) announced another partial tender offer for its US subsidiary Englewood Lab (950140 KS).
Common shares allocated for tender offer is 3.31 million (16.7% of outstanding shares). Tender offer price is 13,000 won (7.4% higher than closing price on 2 March).
We are positive on Cosmecca Korea’s partial tender offer of Englewood Lab.
