Brief: Hikari Tsushin Inc to launch takeover bid for shares of Water Direct Corp for 2.1 bln yen
16/05/2016 09:32
May 16 (Reuters) - Hikari Tsushin Inc 9435.T :
* Say Hikari Tsushin will acquire shares and warrants of
Water Direct Corp 2588.T through takeover bid from May 17 to
June 29
* Says acquisition price is 2.1 billion yen
* Says Hikari Tsushin will increase stake in Water Direct
Corp to 63.4 percent from 17.0 percent after the acquisition
Source text in Japanese:http://t.im/14amk
Further company coverage: 9435.T 2588.T
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Keywords: HIKARI TSUSHIN/BRIEF