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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (5304)	6/23/2000 10:22:00 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6020

There seem to be a lot more details to this NCB deal than has been published yet. The Government may be providing some sweeteners and guarentees that will protect Softbank and the other investors in the NCB: Friday, June 23, 2000 Govt To Sell NCB Shares To Parties Other Than Softbank Group TOKYO (Nikkei)--The Deposit Insurance Corp. has decided to offer outstanding shares of Nippon Credit Bank for 0.4 yen a share to financial institutions which are not linked to the group led by Softbank Corp. (9984), The Nihon Keizai Shimbun has learned. The shares have a par value of 50 yen. Softbank, Orix Corp. (8591) and Tokio Marine & Fire Insurance Co. (8751) are entitled to acquire 2.5 billion outstanding NCB shares for 1 billion yen. Separate from those existing shares, the revived NCB is expected to hold a third-party allocation of 100 billion yen worth of new shares. These shares, which will also have a par value of 50 yen, will be offered for 300 yen each. Regional banks and foreign-affiliated financial institutions who wish to hold a stake in NCB can expect to make large capital gains when the bank relists on the stock exchange, if they are offered the same bargain price as the Softbank group is guaranteed. (The Nihon Keizai Shimbun Friday morning edition)