Brief: Itfor to fully acquire unit ICR

ITFOR

14/06/2016 08:27

June 14 (Reuters) - Itfor Inc  4743.T  : 
     
    * Says it plans to buy 123 shares in its unit ICR Co Ltd to 
raise stake in it to 90 percent from 80 percent 
    * To acquire remaining 122 shares in unit via stock swap on 
July 15 
    * One share of ICR's stock will be exchanged with 538 shares 
of the company's stock, and 65,636 shares of the company's stock 
to be exchanged 
    * ICR will be the wholly owned subsidiary of the company's 
after the transaction 
     
    Source text in Japanese: http://hsvp.com/3176 
    Further company coverage: 4743.T  
 
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