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Roland Corp announces changes of offering period and settlement date


Tuesday, 24 Jun 2014 03:00am EDT 

Roland Corp:Says offering period of takeover bid disclosed on May 14 extends to July 14 from June 25.Settlement date to be July 22, changed from July 2.Agreed on a management buyout (MBO) plan for shares of the company, by a Tokyo-based company with Junichi Miki serving as president on May 14.The Tokyo-based company intends to acquire 22,197,654 shares or at least 14,798,500 shares in the company, at the price of 1,875 yen per share (41,620,601,250 yen in total for 22,197,654 share).If the Tokyo-based company acquires 22,197,654 shares in the company, the company will be a wholly owned subsidiary of the Tokyo-based company and may be delisted from stock exchange. 

Company Quote

1885.0
-3.0 -0.16%
19 Sep 2014