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Asatsu-DK Inc (9747.T)

9747.T on Tokyo Stock Exchange

3,450JPY
17 Nov 2017
Change (% chg)

¥-50 (-1.43%)
Prev Close
¥3,500
Open
¥3,520
Day's High
¥3,520
Day's Low
¥3,445
Volume
257,200
Avg. Vol
267,660
52-wk High
¥3,980
52-wk Low
¥2,689

Latest Key Developments (Source: Significant Developments)

WPP says it will not accept Bain's tender offer for ADK shares
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Wpp Plc :‍WPP owns 10.3 million ADK shares, representing 24.96 pct of issued share capital of ADK​.WPP PLC - ‍WPP does not intend to accept tender offer launched by Bain on 2 October 2017 as company believes Bain has "significantly undervalued ADK​".‍WPP would welcome opportunity to engage constructively with board of ADK if tender offer fails​.WPP - With approval of board and other shareowners company would also be prepared, as requested by some shareowners, to increase shareholding in ADK to 33 percent​.  Full Article

BCPE Madison Cayman extends period of TOB for shares of Asatsu-DK
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Asatsu-DK Inc <9747.T>:Says BCPE Madison Cayman, L.P. extends period of takeover bid for shares of the co to Nov. 21 from Nov. 15 previously and changes settlement date to Nov. 29 from Nov. 22 previously.  Full Article

Asatsu-DK says WPP group files petition for arbitration against co
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Asatsu-DK Inc <9747.T>:Says WPP 2008 Limited, WPP 2005 Limited, WPP International Holding B.V. (petitioners) have filed a petition for arbitration against the co.Says petitioners alleged that co's termination of business alliance agreement is invalid, the agreement between the co and Morgan Stanley & Co. International plc regarding derivative transactions for the share price of WPP shares on October 2, 2017 is in breach of the SPA, and they have the right to continue to hold co's shares held by WPP .  Full Article

Asatsu-DK says receipt of notice of termination of capital and business alliance with WPP group
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Asatsu-DK Inc <9747.T>:Says it received a notice of termination of capital and business alliance with WPP plc and its group companies (WPP Group) on Nov. 1.  Full Article

WPP: asking Tokyo court to declare Asatsu-DK's termination of their business alliance agreement is invalid
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - WPP says::Asking court to declare that Asatsu-DK Inc's <<<9747.T>>> termination of their business alliance agreement is invalid.Asking court to declare that Asatsu-DK has no right to request or require WPP to sell its shares in Asatsu-DK.Seeking injunction in Tokyo District Court as well as arbitration by Japan Commercial Arbitration Association.  Full Article

WPP responds to Asatsu-DK statement regarding tender offer for co's shares
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Wpp Plc ::NOTED ADK’S “DELAYED FAQ REGARDING TENDER OFFER FOR THE SHARES OF THE COMPANY”‍​.WPP PLC - ‍WPP REITERATES THAT TENDER OFFER SIGNIFICANTLY UNDERVALUES ADK, AS OTHER SHAREHOLDERS HAVE SUBSEQUENTLY STATED BOTH PUBLICLY AND PRIVATELY​.WPP PLC - "‍ADK HAS IMPROPERLY ATTEMPTED TO TERMINATE ITS CO-OPERATION AND BUSINESS ALLIANCE AGREEMENT WITH WPP​".  Full Article

Asatsu-DK shares untraded with glut of buy orders after Bain Capital says to buy it
Tuesday, 3 Oct 2017 

Oct 3 (Reuters) - Asatsu-DK Inc <9747.T>:Asatsu-DK shares untraded with glut of buy orders after Bain Capital says to buy it.  Full Article

Asatsu-DK announces outcome of ToB for shares in GONZO K.K.
Tuesday, 23 Aug 2016 

Asatsu-DK Inc <9747.T> : Says the company acquired 197,227 shares of GONZO K.K. during the period from July 15 to Aug. 22 . Acquisition price at 26,819 yen per share . Settlement date from Sep. 28 .Says the co will hold 83.96 percent stake in GONZO after the transaction.  Full Article

Asatsu-DK announces ToB for shares in GONZO K.K.
Thursday, 14 Jul 2016 

Asatsu-DK Inc <9747.T> : Says Asatsu-DK Inc <9747.T> offered a takeover bid for 232,662 shares (or no less than 188,458 shares) in a Tokyo-based animation studio GONZO K.K. . Offered purchase price at 26,819 yen per share . Takeover bid total amount at about 6.24 billion yen for 232,662 shares (99.04 percent stake) . Offering period from July 15 to Aug. 22 .Settlement starts on Sep. 28.  Full Article

Asatsu-DK to sell wholly owned subsidiary; expects extraordinary loss and lowers consolidated full-year net profit outlook for FY 2016
Thursday, 24 Mar 2016 

Asatsu-DK Inc:To sell 4,067,000 shares of its wholly owned subsidiary, which has been engaged in the book publication and sales in Tokyo, Japan.Sell price at 494.95 yen per share, or 2,012,961,650 yen in all.Effective date April 18.After the transaction, the company will hold no stake in the subsidiary, down from 100 pct.Expects to record about 1,760 million yen loss on sales of subsidiary as extraordinary loss for the fiscal year ending Dec. 2016.Says the company confirmed the consolidated full-year outlook for revenue as 354,000 million yen for the fiscal year ending Dec. 31, 2016.Reaffirms operating profit forecast as 5,400 million yen.Reaffirms ordinary profit forecast as 8,550 million yen.Sees a decrease of net profit forecast to 3,390 million yen from 5,500 million yen.Sees a decrease of earnings per share to 81.25 yen from 131.55 yen.  Full Article

PRESS DIGEST- British Business - Nov 17

Nov 17 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.