Brief: Daytona to acquire DIRTFREAK and PLUS for 497 mln yen
07/08/2017 08:11
Aug 7 (Reuters) - Daytona Corp 7228.T
* Says it plans to acquire 64 percent stake (6,660 shares)
in an Aichi-based firm DIRTFREAK on Oct. 2, which is mainly
engaged in motorcycle and cycle related business
* Says it plans to acquire 3,750 shares of DIRTFREAK via
stock swap and fully acquire DIRTFREAK on Oct. 3
* Says it plans to fully acquire an Aichi-based firm PLUS
Co.LTD. on Oct. 2, which is mainly engaged in internet mail
order business of two wheels aftermarket parts
* Says acquisition price is 497 million yen in total
* Says DIRTFREAK's shareholder (100 percent holding), an
Aichi-based firm, will acquire 10.1 percent stake (237,375
shares) in the co and become co's second biggest shareholder, on
Oct. 3
Source text in Japanese: https://goo.gl/1EQRDu
Further company coverage: 7228.T
(Beijing Headline News)
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