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GMO Internet Inc (9449.T)

9449.T on Tokyo Stock Exchange

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¥-32 (-1.41%)
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Fri, Jan 19 2018

UPDATE 1-HK activist Oasis calls on GMO Internet to strengthen governance

* Oasis holds 5 pct of GMO Internet's shares (Updates with market reaction, comments from GMO)

Nikkei edges up helped by financials; GMO soars

TOKYO, Jan 19 Japan's Nikkei share average edged up on Friday morning with financial stocks leading the gains after U.S. yields rose, while GMO Internet soared after an activist fund called on the company to abolish its takeover defences and reduce the power of its founder.

HK activist Oasis calls on GMO Internet to strengthen governance

TOKYO, Jan 19 Hong Kong-based activist investor Oasis Management Company has proposed that Japanese internet and cryptocurrency firm GMO Internet reduces the power of its founder and abolishes its takeover defences.

BRIEF-GMO Internet to merge with units

* Says it will merge with three units, GMO Gamepot Inc., Syncloud, Inc and Tokyo-based mobile entertainment firm, effective Dec. 1

BRIEF-GMO Internet to retire treasury shares

* Says it will retire 847,790 shares (0.7 percent of outstanding) of its common stock on Oct. 30

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