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Mitsubishi Corp to Launch Takeover Bid for Shares of YONEKYU CORP

Friday, 18 Jan 2013 01:30am EST 

Mitsubishi Corp announced that it has proposed a takeover bid for shares of YONEKYU CORP, on January 18, 2013. Mitsubishi Corp plans to acquire 18,584,347 shares (5,899,200 shares at least), at the price of JPY 950 per share (JPY 17,665 million in total) during the period from January 21, 2013 to February 20, 2013. If Mitsubishi Corp acquires as many as 18,584,347 shares in YONEKYU CORP, it will increase the stake in YONEKYU CORP from a 26.75% stake to a 100% stake. 

Company Quote

18.0 +0.99%
19 Dec 2014