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Odawara Engineering Co Ltd Announces Outcome of Takeover Bid for Shares of ROYAL ELECTRIC CO LTD


Tuesday, 10 Sep 2013 02:00am EDT 

Odawara Engineering Co Ltd announced that after the offering period from August 13, 2013 to September 9, 2013, 3,326,500 shares of ROYAL ELECTRIC CO LTD's stock were accepted to the takeover bid, at the price of JPY 515 per share, or JPY 1,698 million in total. The settlement date is September 17, 2013. After this, Odawara Engineering Co Ltd will hold a 75.91% stake in ROYAL ELECTRIC CO LTD, up from 0%. 

Company Quote

670.0
53.0 +8.59%
1:55am EDT