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Financials

Japan's SBI extends tender offer period as requested by Shinsei Bank

TOKYO, Sept 29 (Reuters) - Japan’s SBI Holdings said on Wednesday it would extend the period of its $1.1 billion tender offer bid for Shinsei Bank Ltd to Dec. 8, acquiescing to the bank’s request for a 60-day extension.

In a statement, the Japanese financial conglomerate said it agreed to the request to avoid confusion that might arise when Shinsei launches its planned poison pill defence against the takeover bid.

Reporting by Makiko Yamazaki; editing by Jason Neely

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