Edition:
India

Nippon Yusen offers takeover bid for shares of Yusen Logistics


Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Nippon Yusen KK <9101.T>:Says it offered a takeover bid for 17 million shares (or no less than 3 million shares) of Yusen Logistics Co Ltd <<<9370.T>>>, at the price of 1,500 yen per share .Offering period from Nov. 1 to Dec. 14 and payment date on Dec. 21 .Says it will raise voting power in Yusen Logistics Co Ltd to 100 percent from 59.6 percent after transaction .