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3 months ago
BRIEF-Sumitomo Realty & Development says outcome of ToB for shares of Sumitomo Real Estate Sales
May 2, 2017 / 6:15 AM / 3 months ago

BRIEF-Sumitomo Realty & Development says outcome of ToB for shares of Sumitomo Real Estate Sales

1 Min Read

May 2 (Reuters) - Sumitomo Realty & Development Co Ltd :

* Says 15,349,859 shares of Sumitomo Real Estate Sales Co Ltd were offered in a takeover bid by Sumitomo Realty & Development from March 21 to May 1

* Acquisition price at 3,600 yen per share

* Settlement starts on May 11

* Sumitomo Realty & Development will raise voting power in Sumitomo Real Estate Sales to 97.24 percent (555,698 voting rights) from 70.38 percent (402,200 voting rights)

Source text in Japanese: goo.gl/Wv681U

Further company coverage: (Beijing Headline News)

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