Mitsui Fudosan to spend 120.5 billion yen on Tokyo Dome tender offer

Mitsui Fudosan Co

27/11/2020 07:00

TOKYO, Nov 27 (Reuters) - Japanese property developer Mitsui
Fudosan Co  8801.T  said on Friday it would pay 120.5 billion
yen ($1.16 billion) to acquire ballpark operator Tokyo Dome Corp
 9681.T  which has been under fire by a foreign activist.
    Mitsui Fudosan, part of the Mitsui group of companies, aims
to acquire all shares of Tokyo Dome through a tender offer
(TOB), it said in a statement, adding Tokyo Dome will be
delisted from Tokyo Stock Exchange.
    Mitsui Fudosan will pay 1,300 yen per Tokyo Dome share in
the TOB, according to the statement. The price amounted to a
premium of 44.9% to Thursday's closing price.
    Mitsui Fudosan's shares closed up 1.9% on Friday, while
Tokyo Dome shares were up 16.7% at the day's upper price limit.
    
($1 = 104.0100 yen)

 (Reporting by Takashi Umekawa
Editing by Shri Navaratnam)
 ((Takashi.Umekawa@thomsonreuters.com;))