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SUMITOMO CORP Announces Result for Shares in Jupiter Telecommunications Co Ltd through Tender Offer by KDDI CORP and NJ Corporation

Wednesday, 10 Apr 2013 10:30pm EDT 

SUMITOMO CORP announced the result of tender offer for shares in Jupiter Telecommunications Co Ltd, by KDDI CORP and NJ Corporation, of which the same number of voting rights are owned by SUMITOMO CORP and KDDI CORP. KDDI CORP acquired 644,115 shares (a 42.68% stake) and NJ Corporation acquired 553,679 shares and 1,922 share options (a total of 8.09% stake) in Jupiter Telecommunications, for JPY 123,000 per share during the period from February 27, 2013 to April 10, 2013. NJ K.K. will transfer its shares in Jupiter Telecommunications to SUMITOMO CORP. NJ Corporation will transfer its shares in Jupiter Telecommunications to SUMITOMO CORP and SUMITOMO CORP will be the top shareholder of Jupiter Telecommunications. 

Company Quote

31.5 +2.68%
19 Dec 2014