Japan's Dentsu to raise $1.2 bln to pay down debt
TOKYO, July 3
TOKYO, July 3 (Reuters) - Japan's Dentsu Inc decided to raise about 120 billion yen ($1.2 billion) by selling newly issued shares and treasury stock, it said in a regulatory filing on Wednesday.
The company said it would use the money raised to pay down 200 billion yen of short-term debt for the acquisition of Aegis Group Plc.
($1 = 100.4050 Japanese yen) (Reporting by Taiga Uranaka; Editing by Jacqueline Wong)