Chartis Japan Capital takes over Fuji Fire and Marine Insurance via TOB
Chartis Japan Capital Company, a wholly-owned unit of Chartis Inc, the general insurance subsidiary of American International Group has announced a TOB for all common shares and stock acquisition rights of Fuji Fire & Marine Insurance Co that it does not already own.
The price a share for the local insurer is JPY146 ($1.75) represents 30.36% premium on the last trading price on February 13. TOB slate to end on March 24 and the total deal size would be JPY47 billion...
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