Edition:
India

Dentsu says conclusion of capital and business alliance agreement with SEPTENI HOLDINGS and takeover bid for shares of SEPTENI HOLDINGS


Tuesday, 30 Oct 2018 

Oct 30(Reuters) - Dentsu Inc <4324.T>:Says it plans capital and business alliance with Septeni Holdings Co Ltd <<<4293.T>>>.Says it offers a takeover bid for up to 26.9 million shares of Septeni Holdings, at the price of 260 yen per share, during period from Oct. 31 to Dec. 11.Settlement starts on Dec. 18.Says Septeni Holdings will issue 23.3 million new shares and distribute 10.7 million shares through private placement to the company, at the total payment amount of 8.85 billion yen, with a payment period from Dec. 18 to Feb. 7, 2019 .Says the company will hold 20.99 percent voting power in Septeni Holdings after the takeover bid and the private placement and will become top shareholder of Septeni Holdings .