Brief: Daiyu LIC Holdings says business and capital alliance with Valor Holdings

Alleanza Holdings Co

08/11/2018 05:18

Nov 8 (Reuters) - Daiyu LIC Holdings Co Ltd  3546.T  
    
    * Says the company forms business and capital alliance with
Valor
Holdings Co Ltd  9956.T   
    * Says two entities will cooperate on integration of
home-center
business, product development and stores operation  
    * Says the company will fully acquire Gifu-based unit of
Valor
Holdings Co Ltd  9956.T  through stock swap, effective April 1,
2019 
    * One share of unit of Valor Holdings Co Ltd's stock will be
exchanged with 7,488.557 shares of the company 
    * 15 million shares of the company's stock will be exchanged

    
    Source text in Japanese:http://bit.ly/2zCplYD
    Further company coverage: 3546.T  9956.T 

 (Beijing Headline News)
 ((Beijing.HeadlineNews@thomsonreuters.com; +8601082555111;
Reuters Messaging: Pingping.Li1@thomsonreuters.com@reuters.net))