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Sumikin Bussan Corp and Nippon Steel Trading Co Ltd to Merge to New Company


Friday, 26 Apr 2013 02:20am EDT 

Sumikin Bussan Corp announced that Sumikin Bussan Corp and Nippon Steel Trading Co Ltd have decided to merge with each other, to form a new company, effective October 1, 2013. 1.08 shares of Nippon Steel Trading Co Ltd's common stock will be exchanged with one share of Sumikin Bussan Corp's common stock, and 174,789,476 shares of Nippon Steel Trading Co Ltd's common stock will be exchanged. After the merger, Nippon Steel Trading Co Ltd will be the surviving company, and change name to NIPPON STEEL & SUMIKIN BUSSAN CORPORATION. Sumikin Bussan Corp will be dissolved. Sumikin Bussan Corp's stock will be delisted on September 26, 2013. 

Company Quote

410.0
3.0 +0.74%
19 Dec 2014