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Provider: Sadif Analytics Prime

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NIHON ESLEAD CORP Agrees on Takeover Bid Proposed by MORI TRUST CO., LTD.

Friday, 25 Jan 2013 02:00am EST 

NIHON ESLEAD CORP announced that it has agreed on the takeover bid proposed by MORI TRUST CO., LTD., which engages in the city development, hotel operation and investment business. MORI TRUST intends to acquire 4,000,000 shares (at least 2,748,300 shares) of the Company at the price of JPY 1,000 per share during the period from January 28, 2013 to March 11, 2013. If MORI TRUST were able to acquire 4,000,000 shares of the Company, then it will hold a 58.32% stake in the Company, up from 32.40%, effective March 15, 2013. 

Company Quote

1.0 +0.10%
2:00am EDT