Australia: Bridgestone unit to go private

摘要

BRIDGESTONE Australia is preparing to go private after more than half a century as a public company, reports AAP. Shareholders at the unit recently voted to privatise the company, and will launch a AUS$50m (US$40m) buyback of the company's minority shareholdings. According to the report, Bridgestone is offering AUS$3.40 (US$2.71) a share. The Australian company will now become a wholly-owned subsidiary of Bridgestone Corporation of Japan, its majority shareholder. Bridgestone Corp holds just over 60% of the company with 22 million shares. Minority shareholders hold about 14.5 million shares.