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ITOKI CORP to Fully Acquire Subsidiary through Stock Swap


Monday, 24 Jun 2013 02:00am EDT 

ITOKI CORP announced it has decided to fully acquire an 82.20%-owned subsidiary, which is mainly engaged in the manufacture of office furniture in Chiba, Japan, effective August 9, 2013. Under the agreement, one share of the subsidiary's stock will be exchanged for 8.85 shares of the Company's stock except for the 444,624 shares the Company holds in the subsidiary. 

Company Quote

592.0
30.0 +5.34%
2:00am EDT