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NIPPON GAS CO LTD to fully acquire HIGASHINIHON GAS CORP, SHINNIHON GAS CORP and two other companies through stock swap


Friday, 20 Dec 2013 01:00am EST 

NIPPON GAS CO LTD, HIGASHINIHON GAS CORP and SHINNIHON GAS CORP:Says NIPPON GAS CO LTD will fully acquire HIGASHINIHON GAS CORP, SHINNIHON GAS CORP, TOSAI GAS, Inc. and Kitanihon Gas Co, Ltd through stock swap, effective Mar. 7, 2014.Says one share of HIGASHINIHON will be exchanged for 0.34 shares of NIPPON GAS, one share of SHINNIHON GAS will be exchanged for 0.40 shares of NIPPON GAS, one share of TOSAI GAS for 2.80 shares of NIPPON GAS and one share of Kitanihon Gas for 1.86 shares of NIPPON GAS.Says NIPPON GAS will pay 4,685,886 shares for the transaction.Says HIGASHINIHON GAS and SHINNIHON GAS will be delisted from Tokyo Stock Exchange on Mar. 4, 2014. 

Company Quote

2430.0
10.0 +0.41%
31 Jul 2014