Reuters logo
BRIEF-Kawai Musical Instruments Manufacturing plans merger with units
March 28, 2017 / 6:36 AM / 8 months ago

BRIEF-Kawai Musical Instruments Manufacturing plans merger with units

March 28 (Reuters) - Kawai Musical Instruments Manufacturing Co Ltd :

* Says co plans merger of musical instruments units with two phases

* Says, as phase one, co’s Shizuoka-based 55 percent owned unit plans to merge with co’s 85.7 percent owned unit Diapason via stock swap, and unit Diapason will be dissolved after transaction

* One share of unit Diapason’s stock will be exchanged with 455.74 shares of co’s Shizuoka-based 55 percent owned unit’s stock, and 546,888 shares of Nippon co’s Shizuoka-based 55 percent owned unit’s stock will be exchanged

* As phase two, the company will merge the surviving unit after phase one merger, and the surviving unit will be dissolved after transaction

* Restructures will be effective on June 1

Source text in Japanese: goo.gl/jmSq2H

Further company coverage: (Beijing Headline News)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below