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Daiwa House Industry Co Ltd to Launch Takeover Bid for Shares of DAIYOSHI TRUST CO Ltd

Tuesday, 16 Apr 2013 02:30am EDT 

Daiwa House Industry Co Ltd announced that it has decided to launch a takeover bid for shares of DAIYOSHI TRUST CO Ltd. Daiwa House Industry intends to acquire 2,702,100 shares or at least 1,649,100 shares in DAIYOSHI TRUST, for JPY 1,066 per share (JPY 2,880 million in total for 2,702,100 shares), during the period from April 17, 2013 to June 3, 2013. If Daiwa House Industry acquires as many as 2,702,100 shares, it will hold a 100% stake in DAIYOSHI TRUST. 

Company Quote

62.5 +2.82%
19 Dec 2014