Nichii Gakkan Company to Launch Takeover Bid for Shares of Gaba Corporation

Nichii Gakkan Company announced that it has decided to launch a takeover bid for shares of Gaba Corporation. Nichii Gakkan Company intends to purchase 50,497 shares of Gaba Corporation at the price of JPY 200,000 per share during the period from August 8, 2011 to September 21, 2011. If Nichii Gakkan Company purchased as many shares of Gaba Corporation, it will hold 100% voting rights in Gaba Corporation. However, if Nichii Gakkan Company were not able to purchase at least 26,390 shares of Corporation, the takeover bid will be cancelled. Based on the result of the takeover bid, Gaba Corporation may be delisted from the Tokyo Stock Exchange.

http://uk.reuters.com/business/quotes/2133.T/key-developments/article/2378201

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