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NIPRO CORP Launches Takeover Bid to Repurchase Shares


Tuesday, 14 May 2013 02:20am EDT 

NIPRO CORP announced that it has launched a takeover bid to repurchase up to 37,721,100 shares of its common stock (a 22% stake), at JPY 862 per share, or for up to JPY 32,515,588,200 in total, during the period from May 15, 2013 to June 11, 2013. The total capital required in the share repurchase is JPY 32,539,502,000, including transaction fees and other costs. The settlement date is July 4, 2013. 

Company Quote

884.0
-1.0 -0.11%
2:00am EDT