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(Update 2) SBI to Launch Tender Offer for Shinsei Bank

(Update 2) SBI to Launch Tender Offer for Shinsei Bank

   Tokyo, Sept. 9 (Jiji Press)--Japanese online financial service firm SBI Holdings Inc. <8473> said Thursday that it will launch a tender offer for Shinsei Bank <8303> on Friday.
   SBI plans to spend up to some 116.4 billion yen to raise its stake in the Japanese bank to 48 pct. SBI is already Shinsei's top shareholder with a 20.32 pct stake.

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AFP-JIJI PRESS NEWS JOURNAL


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