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OSCUF Japan Exchange Group Inc (PK)

22.925
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Japan Exchange Group Inc (PK) USOTC:OSCUF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 22.925 23.30 26.30 0.00 21:00:10

Osaka Exchange Holder Says Tokyo Bourse Bid Too Low

27/07/2012 2:20am

Dow Jones News


Japan Exchange (PK) (USOTC:OSCUF)
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Jupiter Asset Management Ltd., which owns 1.2% of Osaka Securities Exchange Co. (8697.OK), will reject Tokyo Stock Exchange's Y480,000-a-share offer for the Osaka bourse unless the price is raised, Bloomberg News reported Friday on its website, citing Simon Somerville, manager of Jupiter's Japan Income Fund.

"We're certainly not going to support the deal in its current form," Bloomberg quoted Mr. Somerville as saying in an interview. "The price isn't right. TSE is being valued 50 to 60% higher than OSE in the terms of this deal. The problem at the moment is that the value's all in Osaka, not in Tokyo."

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