Hankyu Holdings Inc. said it has agreements to buy 64 percent of Hanshin Electric Railway Co. for 249.8 billion yen, enough to complete Japan's largest railway takeover in more than 60 years. Hankyu on May 29 offered 930 yen a share for Hanshin, on condition it obtain at least 45 percent. The offer expired yesterday. Osaka-based Hankyu announced the result in a statement distributed at the Tokyo Stock Exchange.
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Hankyu/Hanshin merger looks like it's on.
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Hankyu/Hanshin merger looks like it's on.
by Mulboyne » Tue Jun 20, 2006 11:12 am
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[/floatr]Bloomberg: Hankyu Has Agreements for 64 Percent of Hanshin
Hankyu Holdings Inc. said it has agreements to buy 64 percent of Hanshin Electric Railway Co. for 249.8 billion yen, enough to complete Japan's largest railway takeover in more than 60 years. Hankyu on May 29 offered 930 yen a share for Hanshin, on condition it obtain at least 45 percent. The offer expired yesterday. Osaka-based Hankyu announced the result in a statement distributed at the Tokyo Stock Exchange.
Hankyu Holdings Inc. said it has agreements to buy 64 percent of Hanshin Electric Railway Co. for 249.8 billion yen, enough to complete Japan's largest railway takeover in more than 60 years. Hankyu on May 29 offered 930 yen a share for Hanshin, on condition it obtain at least 45 percent. The offer expired yesterday. Osaka-based Hankyu announced the result in a statement distributed at the Tokyo Stock Exchange.
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