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Unicom Group Holdings Inc &
Cluster Investment
Update Date: 12/07/08
Date Announced: 11/20/08
Value (million $USD): 1.1 million U.S. Dollar
102.0 million Japanese Yen
Status: Completed
TRANSACTION DETAILS
Date Announced11/20/08
Date Originally Announced11/26/08
FormatAcq. Part. Int.Acquisition techniquesOpen Market Purchase; Financial Acquiror
AttitudeFriendlyAgencyn/a
Value1.1 million U.S. Dollar
102.0 million Japanese Yen
Advisor Feesn/a
SYNOPSIS
JAPAN - Cluster Investment raised its stake to 11.29% from 7.96%, by acquiring 3.33% stake, or 0.4 mil ordinary shares outstanding, in Unicom Group Holdings Inc, a commodity broker, for 255 Japanese yen ($ 2.711 US) in cash per share, or a total value of 102 mil yen ($ 1.085 mil), in a open market transaction.
TARGET
NameUnicom Group Holdings Inc (Jasdaq : 8744)
IndustriesOffices of holding companies, nec
CityTokyo
Staten/a
NationJapan
Incorporated inn/a
Public StatusPublic
Business DescriptionUnicom 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.
AdvisorsNULL
Target Sales122.9 million U.S. Dollar
12.28 billion Japanese Yen
ACQUIROR
NameCluster Investment
IndustriesManagement consulting services
CityChuo-Ku, Tokyo
Staten/a
NationJapan
Incorporated inn/a
Public StatusPrivate
Business DescriptionCluster Investment, headquartered in Tokyo, provides consulting services.
AdvisorsNULL
Acquiror Salesn/a
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