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ASICS CORP to Launch Takeover Bid for Shares of ASICS Trading Co Ltd

Wednesday, 6 Nov 2013 01:20am EST 

ASICS CORP announced that it will launch a takeover bid for shares of ASICS Trading Co Ltd. ASICS CORP intends to acquire 3,485,573 shares for JPY 2,500 per share (JPY 8,713,932,500 in total), during the period from November 7, 2013 to December 18, 2013. If ASICS CORP acquires as many as 3,485,573 shares, it will increase its stake in ASICS Trading from 54.75% to 100.00%. After the transaction, ASICS Trading may be delisted from Tokyo Stock Exchange. 

Company Quote

117.0 +4.08%
19 Dec 2014