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BRIEF-Oki Electric Industry says takeover bid for shares of Oki Electric Cable
October 31, 2017 / 8:11 AM / 18 days ago

BRIEF-Oki Electric Industry says takeover bid for shares of Oki Electric Cable

Oct 31 (Reuters) - Oki Electric Industry Co Ltd

* Says co plans to offer a takeover bid for 2.3 million shares (or no less than 1.2 million shares) of Oki Electric Cable Co Ltd (target firm)

* Offered purchase price at 3,650 yen per share and takeover bid total amount at 8.41 billion yen

* Offering period from Nov. 1 to Dec. 18

* Settlement starts on Dec. 25

* Says co is directly holding 36.2 voting power in target firm and co plans to fully acquire target firm

Source text in Japanese: goo.gl/e7qFsd

Further company coverage: (Beijing Headline News)

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