NYK Line Launches Tender Offer for NS United Kaiun at 10,600 Yen per Share, Totaling 120.6 Billion Yen

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Summary · why it matters

NYK Line announced on the 31st that it will make NS United Kaiun, an equity-method affiliate, a consolidated subsidiary through a tender offer. The offer price is 10,600 yen per share, raising NYK's stake from the current 18.55% to 83.33%, with the total purchase amount reaching 120.6 billion yen. After the delisting, Nippon Steel, the largest shareholder, will continue to hold 16.67%.

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