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Shinsei Bank Mulling Takeover Defense against SBI

Shinsei Bank Mulling Takeover Defense against SBI

   Tokyo, Sept. 14 (Jiji Press)--Shinsei Bank <8303> is considering a measure to fend off an attempt by major Japanese online financial service company SBI Holdings Inc. <8473> to take control of the bank, informed sources said Tuesday.
   Shinsei Bank is planning to issue for free stock-purchase warrants that can be exercised by existing shareholders other than SBI in order to lower the company's equity stake in the bank, according to the sources.

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AFP-JIJI PRESS NEWS JOURNAL


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