February 13, 2017 / 8:27 AM / 7 months ago

BRIEF-Melco Holdings to acquire Advanced Design

Feb 13 (Reuters) - Melco Holdings Inc:

* Says it plans to wholly own Advanced Design via shares acquisition and shares exchange

* Says it will acquire 3,861 shares for totally about 670 million yen (including expense) on Feb. 16 from individuals

* Says it to buy remaining shares of target firm via shares exchange on March 6 and one share of the target firm can be exchanged for 59.73 shares of the co

Source text in Japanese: goo.gl/u5e482

Further company Coverage: (Beijing Headline News)

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