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Orix Corp (IX.N)

IX.N on New York Stock Exchange

26 May 2017
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$-0.05 (-0.06%)
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Latest Key Developments (Source: Significant Developments)

Ormat Technologies says Orix Corp to acquire 22% stake in Ormat for about $627 mln
Thursday, 4 May 2017 11:38am EDT 

May 4 (Reuters) - Ormat Technologies Inc ::Orix to acquire 22 percent ownership stake in Ormat from FIMI and Bronicki Investments and simultaneously enter into strategic partnership with Ormat.Orix will acquire an approximately $627 million ownership stake in Ormat.Under related agreements, Orix will have right to designate three persons to be appointed to an expanded nine-person Ormat board.In addition, Ormat will have certain rights to serve as technical partner and co-invest in Orix Geothermal Energy projects in Japan.Under terms company to have exclusive rights to develop, own, operate, provide equipment for Orix Geothermal Energy projects in markets outside Japan.A special committee of Ormat board of directors was formed to evaluate and negotiate shareholder arrangements proposed by Orix.Orix to purchase about 11.0 million shares of co from FIMI ENRG Limited Partnership, FIMI ENRG, Bronicki Investments, senior members of management.Orix to propose fourth person to be mutually agreed by co, Orix to serve as new independent director on Ormat board.Says per share sale price to be paid by Orix at closing is $57.Says Orix will acquire approximately 22.1 percent ownership position in Ormat.  Full Article

Orix completes share repurchase
Friday, 21 Apr 2017 03:40am EDT 

April 21 (Reuters) - Orix Corp <8591.T>:* Says it completed repurchase of 30 million shares of its common stock, for 50 billion yen on April 21.  Full Article

Orix updates share repurchase status
Thursday, 6 Apr 2017 03:16am EDT 

Orix Corp <8591.T> : Says it repurchased 4.9 million shares for 8.28 billion yen in total from March 1 to March 31 . Says this was part of the share repurchase plan announced on Oct. 26, 2016 .Says it accumulatively repurchased 6.5 million shares for 10.89 billion yen in total as of March 31.  Full Article

ARRK names Kim Tae Ho as president
Thursday, 30 Mar 2017 05:08am EDT 

ARRK Corp <7873.T>:Says it names Kim Tae Ho as president.  Full Article

Orix extends share repurchase period to May 15 from March 31
Thursday, 16 Feb 2017 12:30am EST 

Orix Corp <8591.T>:Says it extended the end date of share repurchase plan to May 15 from March 31.  Full Article

Sumitomo Mitsui Trust Holdings Inc reports a 5.4 pct passive stake in Orix Corp
Friday, 10 Feb 2017 06:46am EST 

Orix Corp <8591.T> :Sumitomo mitsui trust holdings inc reports a 5.4 percent passive stake in orix corp as of dec 31, 2016 - sec filing.  Full Article

R&I affirms ORIX Corp's rating at "A+" and announces stable outlook -R&I
Wednesday, 2 Nov 2016 02:27am EDT 

ORIX Corp <8591.T> : Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" -R&I .Rating outlook stable -R&I.  Full Article

Orix Corp will take an over 10 pct joint stake in Bitexco Power - Nikkei
Wednesday, 31 Aug 2016 01:02pm EDT 

Nikkei : Orix Corp plans to send directors to Bitexco Power, and will offer advice on business operations as well - Nikkei . Orix Corp will invest in Vietnam's Bitexco Power in September - Nikkei .Orix Corp will take an over 10% joint stake in Bitexco With Singapore's United Overseas Bank in Mid-September - Nikkei.  Full Article

Rakus forms business alliance with Orix
Wednesday, 1 Jun 2016 09:47pm EDT 

Rakus Co Ltd <3923.T> :Says it forms a business alliance with Orix Corp <8591.T>, on services provision of expense calculation systems for customers.  Full Article

Orix will raise 94 bln yen at the end of May through 60-year hybrid loans - Nikkei
Tuesday, 24 May 2016 01:35pm EDT 

Nikkei: Orix will raise 94 bln Yen ($855 Million) at the end of May through 60-year hybrid loans - Nikkei . Orix Corp will ink deals with 28 financial companies, including Life Insurers and Regional Banks, as early as Wednesday - Nikkei . Bank Of Tokyo-Mitsubishi UFJ will serve as underwriter for Orix's Hybrid Financing - Nikkei .Orix's debt will likely carry interest rate about 1 pct point higher than LIBOR and be given BBB rating by Standard & Poor's - Nikkei.  Full Article

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Deals of the day-Mergers and acquisitions

May 4 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: