Japan Securities Finance Co. Ltd. completed the acquisition of Osaka Securities Finance Company,Ltd. from a group of sellers.
The transaction has been approved by the shareholders of Osaka Securities Finance Company on March 29, 2013. The common stock of Osaka Securities Finance Company is expected to be delisted under the criteria for delisting of financial instruments exchanges as a result of the merger on July 17, 2013. The transaction is also subject to approval by relevant regulatory agencies. The transaction has been resolved by Board of Directors of Japan Securities Finance Co. Ltd. The transaction is expected to close by July 22, 2013. Mizuho Securities Co., Ltd. calculated exchange ratio for Japan Securities Finance Co. Ltd. Nomura Securities Co., Ltd. calculated exchange ratio for Osaka Securities Finance Company. Ken Lebrun of Shearman & Sterling LLP acted as legal advisor to Osaka Securities.
Japan Securities Finance Co. Ltd. (TSE:8511) completed the acquisition of Osaka Securities Finance Company,Ltd. (OSE:8512) from a group of sellers on July 22, 2013.