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NTT Docomo Inc Completes Takeover Bid for Shares of Magaseek Corp


Friday, 15 Mar 2013 02:00am EDT 

Magaseek Corp announced that NTT DOCOMO, INC., has completed the takeover bid for shares of Magaseek effective March 14, 2013. NTT DOCOMO acquired 15,105 shares of Magaseek at the price of JPY 135,000 per share during the period from January 31, 2013 to March 14, 2013. As a result, NTT DOCOMO will become the parent company of Magaseek with 70.88% voting rights, while Itochu Corp will be no longer parent company of Magaseek with 24.86% voting rights, down from 64.01%, effective March 21, 2013.