April 12, 2017 / 6:15 AM / 3 months ago

BRIEF-Yamada Denki to fully acquire Best Denki through stock swap

1 Min Read

April 12 (Reuters) - Yamada Denki Co Ltd:

* Says it will fully acquire Best Denki Co Ltd through stock swap effective July 1

* For the stock swap, one share of Best Denki's stoke will be exchanged for 0.28 shares of Yamada Denki's stoke

* 22,835,807 shares of Best Denki's stock will be exchanged

* Best Denki will be delisted from Tokyo Stock Exchange and Fukuoka Stock Exchange effective June 28 (last trading date will be June 27)

Source text in Japanese: goo.gl/FM8BFK

Further company coverage: (Beijing Headline News)

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