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Nippon Steel & Sumikin Texeng announces details to merge with seven subsidiaries of Nippon Steel & Sumitomo Metal

Friday, 9 May 2014 12:30am EDT 

Nippon Steel & Sumikin Texeng. Co., Ltd:To merge with six wholly owned subsidiaries of Nippon Steel & Sumitomo Metal Corp, on Oct. 1.One share of the subsidiaries will be exchanged for 17.78 shares, 4,617.34 shares, 619.76 shares, 1,737.21 shares, 3.66 shares and 0.21 shares respectively, or 37,256,459 shares in total of Nippon Steel & Sumikin.Another wholly owned subsidiary of Nippon Steel & Sumitomo Metal will transfer steel manufacturing facility engineering and maintenance business to Nippon Steel & Sumikin, in exchange for 1,620,432 shares of Nippon Steel & Sumikin, on Oct. 1.