Sony Corp will turn its financial arm, Sony Financial Holdings Inc , into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Nikkei business daily reported on Tuesday.
Sony plans to offer about 2,600 yen for each Sony Financial share - beyond the 65% stake it currently owns - for a premium of about 30% over Monday’s closing price of 2,064 yen, the Nikkei said.
The early-afternoon report sent shares of Sony Financial up nearly 17% to 2,412 yen before trading of the stock was suspended, while Sony Corp shares rose 4%.Sony Financial reported a net profit of 171.09 billion yen in the year ended in March.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Warren Buffett, Berkshire made $3 billion return on Goldman Sachs deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Lire la suite »
What did eight weeks and $3 trillion buy the U.S. in the fight against coronavirus?Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $2.5 trillion and counting behind domestic and global markets.
Lire la suite »
Pelosi sees negotiations on new $3 trillion coronavirus legislation: CBSU.S. House Speaker Nancy Pelosi said on Sunday there will be negotiations on the new $3 trillion coronavirus relief legislation passed by the Democratic-controlled House of Representatives.
Lire la suite »
Sony Poised To Buy Finance Unit for $3.7 Billion (Report)Japanese electronics to entertainment giant Sony is expected to offer up to $3.7 billion (JPY400 billion) to take full control of its finance division. The move would shore up its profits. Sony pre…
Lire la suite »
Rod Wave Signs Publishing Deal With Sony/ATVSinger, songwriter and rapper Rod Wave has been signed to a worldwide publishing deal by Sony/ATV, the publisher announced Monday.
Lire la suite »
Sony not worried about Microsoft's next-gen Xbox: 'Wait for PS5 sales' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Lire la suite »