GeneralBullishBlockonomi · 4h ago5/10
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Asics (ASCCY) Stock Surges 4% on Onitsuka Tiger Spinoff Announcement
Asics stock (ASCCY) gained 4% following the announcement of a spinoff that will separate its Onitsuka Tiger brand into a standalone entity called OT Group. The company confirmed there are no immediate IPO plans for the spinoff, while simultaneously announcing the opening of an Onitsuka Tiger flagship store in Los Angeles scheduled for February 2027.