Brief: Ichikoh Industries announces ToB offered by Valeo Bayen
22/11/2016 07:55
Nov 22 (Reuters) - Ichikoh Industries Ltd 7244.T :
* Says Valeo Bayen is offering a takeover bid for no more
than 22,582,468 shares (represents 23.51 percent stake, or no
less than 17,781,048 shares) of co's stock, at the price of 408
yen per share
* Say the offering period from Nov. 24 to Jan. 12, 2017
* Settlement date is Jan. 20, 2017
* Valeo Bayen will raise stake in co to 55.08 percent after
the transaction up from 31.58 percent currently
Source text in Japanese: https://goo.gl/RRZ4eH
Further company coverage: 7244.T
(Beijing Headline News)
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