Fujitsu Limited (TSE:6702) agreed to acquire the remaining 33.41% shares in NIFTY Corporation (TSE:3828) from a group of sellers for ¥11.4 billion on April 28, 2016. Fujitsu Limited will acquire the remaining shares in a short form merger if 90% are tendered. The tender offer period is from May 2, 2016 to June 15, 2016. A special committee of NIFTY was formed comprising of Jiro Sekine, Jun Iriya, and Nobuhide Miyamori. The transaction is expected to close June 22, 2016. Nomura
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