|
|
Article: Mitsubishi to launch tender offer for shares of 3 affiliates.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- May 18, 2007
CopyrightCOPYRIGHT 2007 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
May 18--TOKYO -- Mitsubishi Corp. said Friday it will launch a tender offer on Monday to acquire outstanding shares in three food companies that are affiliated with Mitsubishi to make them its consolidated subsidiaries.
The three affiliates to be subject to the tender offer are Nitto Fuji Flour Milling Co., Nosan Corp. and Nihon Shokuhin Kako Co.
Mitsubishi said it will launch tender offers of 390 yen per Nitto Fuji share, 380 yen per Nosan share and 360 yen per Nihon Shokuhin share, adding, the offered prices are 12.79-24.59 percent higher than the closing prices of the three companies' stocks on Thursday.
Mitsubishi said that during the tender ...