Brief: Dentsu says conclusion of capital and business alliance agreement with SEPTENI HOLDINGS and takeover bid for shares of SEPTENI HOLDINGS
30/10/2018 07:01
Oct 30(Reuters) - Dentsu Inc 4324.T
* Says it plans capital and business alliance with Septeni
Holdings Co Ltd 4293.T
* Says it offers a takeover bid for up to 26.9 million
shares of
Septeni Holdings, at the price of 260 yen per share, during
period from Oct. 31 to Dec. 11
* Settlement starts on Dec. 18
* Says Septeni Holdings will issue 23.3 million new shares
and
distribute 10.7 million shares through private placement to the
company, at the total payment amount of 8.85 billion yen, with a
payment period from Dec. 18 to Feb. 7, 2019
* Says the company will hold 20.99 percent voting power in
Septeni
Holdings after the takeover bid and the private placement and
will become top shareholder of Septeni Holdings
Source text in Japanese:https://goo.gl/ecktTP ;
https://goo.gl/YkRDE5
Further company coverage: 4324.T 4293.T
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