Nippon Sharyo Ltd &
Central Japan Railway Co | Update Date: 10/27/08 |
| Date Announced: 08/15/08 |
Value (million $USD): 237.4 million U.S. Dollar
26.23 billion Japanese Yen |
|
| Status: Completed | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 08/15/08 | | |
| Date Originally Announced | 08/15/08 | | |
| Format | Acq. Maj. Int. | Acquisition techniques | Tender Offer |
| Attitude | Friendly | Agency | n/a |
| Value | 237.4 million U.S. Dollar
26.23 billion Japanese Yen | Advisor Fees | n/a |
| SYNOPSIS |
|---|
| JAPAN - Central Japan Railway Co raised it interest to 50.85% from 1.83%, by acquiring a 49.02%, or 70.88 mil ordinary shares outstanding, in Nippon Sharyo Ltd (NSL), a manufacturer of railway rolling stock, for 370 Japanese yen ($3.349 US) per share, or a total value of 26.225 bil yen ($ 237.366 mil) via its tender offer to acquire 49.02% stake in NSL. |
| TARGET |
|---|
| Name | Nippon Sharyo Ltd (Tokyo 1 : 7102) |
| Industries | Construction machinery and equipment; Fabricated structural metal; Metal shipping barrels, drums, kegs and pails; Steel foundries, nec; Gray and ductile iron foundries |
| City | Nagoya-Shi, Aichi |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Nippon Sharyo Ltd, located in Nagoya, Japan, manufactures railway rolling stocks such as bullet trains, high speed trains, rail freight cars, light rail vehicles, heavy industrial vehicles, tank trailers, storage tanks and transport equipment. It is also involved in manufacturing construction machinery, electrical equipment, steel structure, agricultural and industrial plant, and operating management of golf courses and real estate leasing business. The operations are carried out through the following divisions: Rolling Stock; Construction; Steel Structures and others. The company was founded in September, 1896. |
| Advisors | Mitsubishi UFJ Securities Co Ltd |
| Target Sales | 871.8 million U.S. Dollar
92.45 billion Japanese Yen |
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| ACQUIROR |
|---|
| Name | Central Japan Railway Co (Tokyo 1 : 9022) |
| Industries | n/a |
| City | Aichi |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Central Japan Railway Co, headquartered in Aichi, Japan, operates railway transportation services and departmental chain stores; the operations are carried out mainly through the following divisions: Transportation, Distribution, Real Estate and others. The Transportation operations include passenger train transport, cargo train transports and coach travels; Distribution division operates departmental stores in JR Central Towers, sales on trains and platforms; the Real estate business includes leasing of station buildings; others include management of hotels, travel agencies and advertising agents. The company was founded in 1987. |
| Advisors | Nomura Securities Co Ltd |
| Acquiror Sales | 14.73 billion U.S. Dollar
1,561.87 billion Japanese Yen |
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