Notice Regarding the Finalization of a Preferred Stock Transfer Agreement between Toyota Tsusho Corporation and Banking Institutions that Hold Tomen Corporation's Outstanding Preferred Stock
2005-12-06
This is notice that Toyota Tsusho Corporation finalized a Preferred Stock Transfer Agreement today with seven banking institutions that currently hold outstanding preferred stock issued by Tomen Corporation.
1. Purpose of Acquiring Preferred Stock
Toyota Tsusho has agreed to merge with Tomen Corporation effective April 1, 2006. As a condition of the agreement, Toyota Tsusho must acquire all outstanding preferred stock issued by Tomen Corporation for a total amount less than JPY80 billion.
2. Details Regarding the Acquisition of Preferred Stock (Anticipated)
(1) Acquisition Partners: The following seven banking institutions
(2) Preferred Stock Possession Condition of Acquisition Partners: As per below table
press release (original)(30KB)
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