Japan's SBI rejects new bid conditions sought by Shinsei Bank

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21/10/2021 11:00

TOKYO, Oct 21 (Reuters) - SBI Holdings Inc  8473.T  on
Thursday rejected new conditions requested for its bid to buy
Shinsei Bank Ltd  8303.T , including a demand that it pays more
than the $1.1 billion in its existing offer and that it remove a
share purchase limit.
    SBI, which released a statement through the Tokyo Stock
Exchange, wants to buy up to 48% of Shinsei at 2,000 yen a
share.
    Shinsei Chief Executive Hideyuki Kudo said the board of
directors was recommending shareholders refrain from taking part
in the tender offer bid (TOB) made by SBI.  urn:newsml:reuters.com:*:nL4N2RH1KZ
    

 (Reporting by Tim Kelly; Editing by Edmund Blair)
 ((tim.kelly@thomsonreuters.com; +813-6441-1311;))