Brief: Usen says ToB offered by U-NEXT's unit U-NEXT SPC1

U-NEXT HOLDINGS

13/02/2017 09:01

Feb 13 (Reuters) - Usen Corp  4842.T  : 
     
    * U-Next Corp's wholly owned unit U-NEXT SPC1 is offering a 
takeover bid for 134,616,160 shares (or no less than 71,465,300 
shares, 34.68 percent stake) of Usen Corp's stock, at the price 
of 461 yen per share 
    * U-NEXT SPC1 will hold 65.33 percent stake in Usen Corp 
(1.35 million voting rights), up from 0 percent (1 voting 
rights) 
    * Total acquisition amount is 62.06 billion yen for 
134,616,160 shares 
    * Say the offering period from Feb. 14 to March 28 
    * Settlement date is April 4 
    * U-NEXT also enters into letter of intent on business 
integration with Usen, which is expected to take effect on Dec. 
1 
     
    Source text in Japanese: https://goo.gl/YS9fC0 ; 
https://goo.gl/TaFaYl 
    Further company coverage: 9418.T  4842.T  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 62674724; 
Reuters Messaging: Cheng.Li@thomsonreuters.com@reuters.net))