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NISSEI CORP Agrees Takeover Bid Launched by Brother Industries, Ltd.

Tuesday, 4 Dec 2012 02:00am EST 

NISSEI CORP announced that it has agreed the takeover bid launched by Brother Industries, Ltd. Brother Industries, Ltd. intends to acquire at most 10,162,200 shares (at least 7,608,500 shares) of NISSEI, at the price of JPY 1,100 per share. If Brother Industries acquires 10,162,200 shares of NISSEI, it will hold a 64.68% stake in NISSEI. The payment will be conducted on January 30, 2013. 

Company Quote

13.0 +0.89%
2:00am EDT