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Jupiter Telecommunications Co Ltd Announces Result for Tender Offer by KDDI CORP and NJ Corporation

Wednesday, 10 Apr 2013 10:30pm EDT 

Jupiter Telecommunications Co Ltd announced the result of tender offer 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 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. As a result, KDDI will hold 40.47% stake (2,777,912 voting rights) of Jupiter Telecommunications up from 31.08% stake (2,133,797 voting rights) and become the top shareholder, effective April 17, 2013. 

Company Quote

20 Nov 2014