Brief: Oki Electric Industry says takeover bid for shares of Oki Electric Cable

Oki Electric Industry

31/10/2017 08:07

Oct 31 (Reuters) - Oki Electric Industry Co Ltd  6703.T  
    
    * Says co plans to offer a takeover bid for 2.3 million 
shares (or 
no less than 1.2 million shares) of Oki Electric Cable Co Ltd 
 5815.T  (target firm) 
    * Offered purchase price at 3,650 yen per share and takeover 
bid 
total amount at 8.41 billion yen  
    * Offering period from Nov. 1 to Dec. 18 
    * Settlement starts on Dec. 25 
    * Says co is directly holding 36.2 voting power in target 
firm and 
co plans to fully acquire target firm  
 
    Source text in Japanese: https://goo.gl/e7qFsd 
    Further company coverage: 6703.T  5815.T  
 
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