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Amada Co Ltd Announces Result of Takeover Bid for Shares in MIYACHI CORP

Friday, 22 Mar 2013 04:40am EDT 

Amada Co Ltd announced the result of a takeover bid for shares in MIYACHI CORP, which was disclosed on February 12, 2013. Amada has acquired 10,621,366 shares and 232,700 warrants in MIYACHI, for JPY 9,285 million in total, during the period from February 13, 2013 to March 21, 2013. As a result, Amada will hold a 90.01% stake in MIYACHI, up from 0% stake, and MIYACHI will become a subsidiary of Amada, effective March 28, 2013. 

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16.0 +1.62%
2:00am EDT