Edition:
United Kingdom

Alps Alpine Co Ltd Says Oasis Management Has Sued It For 38.4 Billion Yen In Damages For Merger


Wednesday, 13 Mar 2019 

March 13 (Reuters) - Alps Alpine Co Ltd <6770.T>::ALPS ALPINE CO LTD SAYS OASIS MANAGEMENT HAS SUED IT FOR 38.4 BILLION YEN ($345 million) IN DAMAGES FOR MERGER OF ALPINE AND ALPS.ALPS ALPINE CO LTD SAYS OASIS MANAGEMENT FILED SUIT WITH TOKYO DISTRICT COURT SEEKING TO NULLIFY MERGER.ALPS ALPINE CO LTD SAYS MERGER WAS CONDUCTED APPROPRIATELY, OASIS'S CLAIMS ARE UNFOUNDED.