March 29, 2017 / 6:24 AM / 6 months ago

BRIEF-U-Next subsidiary says outcome of takeover bid for shares of USEN

March 29 (Reuters) - U-Next Corp

* Says subsidiary U-Next SPC1 acquired 107.8 million shares of USEN CORPORATION during the period from Feb. 14 to March 28

* Acquisition price at 49.71 billion yen

* Payment date is April 4

* Says subsidiary U-Next SPC1 will hold 52.3 percent voting rights in USEN CORPORATION after the transaction

* Says USEN CORPORATION will be sub-subsidiary of the company

Source text in Japanese:goo.gl/UcgJN0

Further company coverage: (Beijing Headline News)

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