Brief: Ambition to acquire 100 pct stake in Veritas Investment through cash and stock swap
03/10/2017 02:46
Oct 3(Reuters) - Ambition Corp 3300.T
* Says it plans to acquire 31,528 shares (98.5 percent
stake) of Veritas Investment Co.,Ltd., for 3.48 billion yen in
total, effective Oct. 6
* Says it will acquire remaining 472 shares (1.5 percent
stake)of Veritas Investment through stock swap
* Says one share of Veritas Investment will be exchanged for
95.33 shares of the company (45,000 shares in total), effective
Oct. 24
* Says it will take out loans of 2 billion yen in total from
8 banks, on Oct. 5 and repayment date on Sept. 25, 2024
* Proceeds will be used for share acquisition fund
Source text in Japanese:https://goo.gl/cYsutg
Further company coverage: 3300.T
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