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Idemitsu Kosan Co Ltd (5019.T)

5019.T on Tokyo Stock Exchange

2,584JPY
18 Aug 2017
Change (% chg)

¥-37 (-1.41%)
Prev Close
¥2,621
Open
¥2,615
Day's High
¥2,636
Day's Low
¥2,580
Volume
2,378,500
Avg. Vol
1,719,560
52-wk High
¥3,990
52-wk Low
¥1,807

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Wed, Jul 19 2017

UPDATE 1-Court rejects Idemitsu family's appeal to block share issue

TOKYO, July 19 The Tokyo High Court on Wednesday rejected an appeal from founding family of Japanese oil refiner Idemitsu Kosan Co to block the company from issuing new shares, the family's lawyers said.

Court rejects Idemitsu family's appeal to block share issue -Nikkei

TOKYO, July 19 The Tokyo High Court on Wednesday backed a lower court ruling rejecting a petition by Idemitsu Kosan Co's founding family to block the Japanese refiner from issuing new shares, the Nikkei business daily reported.

Idemitsu moves closer to Showa Shell deal after court nod to share sale

TOKYO Idemitsu Kosan Co said it would proceed with a $1.1 billion sale of new shares, after a court rejected the founding family's petition to block the offering, potentially clearing the way for a takeover of Showa Shell Sekiyu.

UPDATE 3-Idemitsu moves closer to Showa Shell deal after court nod to share sale

* Idemitsu plans to issue 48 mln new shares at 2,600 yen apiece

Court rejects Idemitsu family petition to block new share issue -Nikkei

TOKYO, July 18 A Tokyo court on Tuesday rejected a petition by Idemitsu Kosan Co's founding family to block the Japanese refinery from issuing new shares, clearing the way for a merger with rival Showa Shell Sekiyu, the Nikkei reported on its online edition.

Investors bet Idemitsu stock plan will sidestep opposition to Showa Shell deal

TOKYO Idemitsu Kosan Co has a good chance of sidestepping founding family opposition to a merger with Showa Shell Sekiyu with its $1.2 billion share offering, analysts said, a plan that sent Showa Shell shares surging on Tuesday.

UPDATE 3-Investors bet Idemitsu stock plan will sidestep opposition to Showa Shell deal

* Merger with Showa Shell has been opposed by Idemitsu family

Japan's Idemitsu says no plan to call shareholders' meeting on Showa Shell merger

TOKYO Japan's Idemitsu Kosan Co said it had no plans to call a shareholders' meeting to vote on a merger with rival Showa Shell Sekiyu after the issuance of new shares, which would dilute the stake held by the refiner's founding family.

Idemitsu stock plunges 12 pct on plan to issue new shares

TOKYO, July 4 Shares in Japan's Idemitsu Kosan Co Ltd plunged 12 percent early on Tuesday after the refiner said it would issue new stock to raise $1.2 billion in a move that would sharply dilute shareholders' stakes.

UPDATE 2-Idemitsu to issue new shares, diluting founding family stake

* To issue 48 mln shares, or about a third of outstanding shares

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