Unicom Group Holdings Inc & Cluster Investment | Update Date: 12/07/08 |
| Date Announced: 11/20/08 |
Value (million $USD): 1.1 million U.S. Dollar 102.0 million Japanese Yen |
|
| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 11/20/08 | | |
| Date Originally Announced | 11/26/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Open Market Purchase; Financial Acquiror |
| Attitude | Friendly | Agency | n/a |
| Value | 1.1 million U.S. Dollar 102.0 million Japanese Yen | Advisor Fees | n/a |
| SYNOPSIS |
| JAPAN - Cluster Investment raised its stake to 11.29% from 7.96%, by acquiring 3.33% stake, or 0.4 mil ordinary shares outstanding, in Unicom Group Holdings Inc, a commodity broker, for 255 Japanese yen ($ 2.711 US) in cash per share, or a total value of 102 mil yen ($ 1.085 mil), in a open market transaction. |
| TARGET |
| Name | Unicom Group Holdings Inc (Jasdaq : 8744) |
| Industries | Offices of holding companies, nec |
| City | Tokyo |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Unicom Group Holdings Inc, formerly known as Nihon Unicom Corp, is headquartered in Tokyo, Japan. The Group's principal activity is the trading of commodity futures as a broker and dealer at seven commodity exchanges in Japan. It handles agricultural products, precious metals, petroleum and rubber and other commodities, option transactions, overseas funds and currency margin trading. The company was founded in 1958. |
| Advisors | NULL |
| Target Sales | 122.9 million U.S. Dollar 12.28 billion Japanese Yen |
|
| ACQUIROR |
| Name | Cluster Investment |
| Industries | Management consulting services |
| City | Chuo-Ku, Tokyo |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Private |
| Business Description | Cluster Investment, headquartered in Tokyo, provides consulting services. |
| Advisors | NULL |
| Acquiror Sales | n/a |
|
|
|