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BRIEF-Ichikoh Industries says outcome of ToB offered by Valeo Bayen
January 13, 2017 / 7:51 AM / in 10 months

BRIEF-Ichikoh Industries says outcome of ToB offered by Valeo Bayen

Jan 13 (Reuters) - Ichikoh Industries Ltd :

* Says Valeo Bayen will acquire 22,583,000 shares which were offered in the takeover bid from Nov. 24, 2016 to Jan. 12, at 408 yen per share

* Settlement date starts from Jan. 20

* Valeo Bayen’s stake in co will be raised to 55.09 percent from 31.58 percent effective Jan. 20, and will become the parent company of co after transaction

Source text in Japanese: goo.gl/TnlKkc

Further company coverage: (Beijing Headline News)

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