Japan’s Dentsu Soken confirms privatization offer from Itochu

Dentsu Soken Inc. has officially confirmed receiving a privatization proposal from the trading house Itochu Corp. The buyout offer is set at ¥2,880 per share, aiming to take the company private. Following the announcement of this strategic proposal, shares of Dentsu Soken experienced a rally. This move marks a significant transition for the firm as it evaluates the offer from Itochu Corp. to shift from a public entity to a private company.