Brief: Osaki Electric to offer takeover bid for shares of unit Osaki Engineering for 1.9 bln yen
11/05/2016 07:16
May 11 (Reuters) - Osaki Electric 6644.T :
* Says it to offer takeover bid for 2,373,222 shares of unit
Osaki Engineering 6259.T
* Says it aims to hold 100 percent stake in unit, up from
54.1 percent
* Says total price of 1,898,577,600 yen, with 800 yen per
share
* Offering period from May 12 to June 22
* Settlement starts from June 29
Source text in Japanese:
Further company coverage: 6644.T 6259.T
(Beijing Headline News)
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Keywords: OSAKI ELECTRIC/BRIEF