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Provider: Reuters Investment Profile
$20.00
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters StreetEvents
$75.00
Provider: Thomson Reuters StreetEvents
$75.00

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HIKARI TSUSHIN INC to Fully Acquire E Machitown Co Ltd through Stock Swap


Monday, 1 Oct 2012 02:30am EDT 

HIKARI TSUSHIN INC announced that HIKARI TSUSHIN INC and E Machitown Co Ltd have agreed on HIKARI TSUSHIN INC's acquisition of E Machitown Co Ltd through stock swap. Through the stock swap, one share of E Machitown Co Ltd's stock will be exchanged with 50 shares of HIKARI TSUSHIN INC's stock, effective January 1, 2013. 353,100 shares of HIKARI TSUSHIN INC's treasury stock will be used in the stock exchange. E Machitown Co Ltd's stock will be delisted from Tokyo Stock Exchange on December 26, 2012.