TOKYO, Oct 21 (Reuters) - SBI Holdings Inc on
Thursday rejected new conditions requested for its bid to buy
Shinsei Bank Ltd, including a demand that it pays more
than the $1.1 billion in its existing offer and that it remove a
share purchase limit.
SBI, which released a statement through the Tokyo Stock
Exchange, wants to buy up to 48% of Shinsei at 2,000 yen a
Shinsei Chief Executive Hideyuki Kudo said the board of
directors was recommending shareholders refrain from taking part
in the tender offer bid (TOB) made by SBI.
(Reporting by Tim Kelly; Editing by Edmund Blair)