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BRIEF-Okasan Securities Group to fully acquire unit Okasan Online Securities via stock swap
February 14, 2017 / 6:31 AM / 7 months ago

BRIEF-Okasan Securities Group to fully acquire unit Okasan Online Securities via stock swap

Feb 14 (Reuters) - Okasan Securities Group Inc :

* Says it plans to fully acquire 97.34-percent-owned unit Okasan Online Securities Co Ltd via stock swap, effective on April 1

* Says one share of Okasan Online Securities’ stock will be exchanged with 7.35 shares of co’s stock

* 88,200 shares of co’s stock will be exchanged

* Okasan Online Securities will be the wholly owned subsidiary of co after transaction

Source text in Japanese: goo.gl/W6S0LX

Further company coverage: (Beijing Headline News)

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