Tuesday, July 17, 2007

Prospect buys stake in Japan TOC amid takeover bid

(Reuters) - DaVinci plans to buy up to 79 million TOC shares, or 58
percent, at 1,308 yen apiece, and DaVinci President Osamu Kaneko
told Reuters in a recent interview that he was confident his
company would have enough shareholder support.




Prospect Asset Management has been actively lobbying with
asset managers for real estate investment trusts to
improve their share performance. It currently owns 22.65 percent
of Japan Single-Residence Reit Inc. and 25.94 percent of
TGR Investment Inc. .


Read more at Reuters.com Mergers News

No comments: