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    8473   JP3436120004

SBI HOLDINGS, INC.

(8473)
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Japan's SBI rejects new bid conditions sought by Shinsei Bank

10/21/2021 | 06:00am EST
The Shinsei Bank logo is pictured at the lobby of the bank in Tokyo

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 share.

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)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASIA DEVELOPMENT CAPITAL CO. LTD. 0.00% 6 End-of-day quote.0.00%
SBI HOLDINGS, INC. 2.69% 2973 End-of-day quote.21.50%
SHIBAURA MACHINE CO.,LTD. 3.91% 3585 End-of-day quote.52.10%
SHINSEI BANK, LIMITED 0.51% 1964 End-of-day quote.54.52%
All news about SBI HOLDINGS, INC.
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11/26SBI : Notice Regarding Filing of Amendment to the TOB Registration Statement for Share Ten..
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11/26Shinsei Bank Cancels Plan to Allot Share Subscription Rights
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11/25Shinsei Bank Accepts SBI Holdings' $1.1 Billion Hostile Takeover Despite Earlier Opposi..
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11/25Japan Equities Trade Steadily in Green on Thursday; Ana Shares Sink 5%
MT
11/24Shinsei Bank drops defense plan against SBI's hostile takeover
AQ
11/24Japan to Vote Against Shinsei Bank's Defensive Steps over SBI Takeover Approach
MT
11/24SBI : Notice Regarding the Tender Offer for Shinsei Bank, Limited. (Securities Code 8303)
PU
11/22Gov't to nix Shinsei Bank's defensive steps against SBI takeover bid
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More news
Financials
Sales 2022 571 B 5 059 M 5 059 M
Net income 2022 86 521 M 767 M 767 M
Net Debt 2022 605 B 5 363 M 5 363 M
P/E ratio 2022 8,34x
Yield 2022 4,12%
Capitalization 727 B 6 429 M 6 446 M
EV / Sales 2022 2,33x
EV / Sales 2023 2,59x
Nbr of Employees 9 209
Free-Float 98,4%
Chart SBI HOLDINGS, INC.
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SBI Holdings, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends SBI HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 2 973,00 JPY
Average target price 3 290,00 JPY
Spread / Average Target 10,7%
EPS Revisions
Managers and Directors
Yoshitaka Kitao President, CEO & Director
Shumpei Morita Senior MD, Head-Finance & Accounting
Katsuya Kawashima COO, Representative Director & Vice President
Masayuki Yamada Director, Manager-Compliance & Legal Affairs
Teruhide Sato Independent Outside Director
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