Itfor Inc. cancelled the acquisition of remaining 20.1% stake in ICR Co., Ltd. from Shigeyoshi Imai.
June 14, 2017
Share
Itfor Inc. (TSE:4743) agreed to acquire remaining 20.1% stake in ICR Co., Ltd. from Shigeyoshi Imai on June 14, 2016. Itfor will first acquire 123 shares in ICR to increase its stake to 90% and will acquire remaining 122 shares in ICR via stock swap on July 15, 2016. One share of ICR's stock will be exchanged with 538 shares of Itfor's stock, and 0.06 million shares of Itfor's stock will be exchanged. ICR will become a wholly owned subsidiary of Itfor after the transaction. The share exchange contract conclusion date and share exchange effective date is July 15, 2016.
Itfor Inc. (TSE:4743) cancelled the acquisition of remaining 20.1% stake in ICR Co., Ltd. from Shigeyoshi Imai on June 14, 2017.
ITFOR Inc. is a Japan-based company that provides system solutions, network solutions and customer services. The Company is engaged in the planning, creation and development of software, the production of Internet-related contents, the consulting, maintenance and operation of computer-related products, as well as the manufacture of point of sale (POS) system hardware. The main products and services of the Company include network solutions, information protection solutions, computer telephony integration (CTI) solutions, distribution and retail solutions, as well as data restoration and elimination services, among others.