Sojitz To Tender Offer For Data Center

Sojitz Corp., a 6th-ranked trading companies, announced that Sojitz make a tender offer for Sakura Internet Inc., an internet data center servicer. Sojitz, a 29.3% shareholder in Sakura Internet, plans to aquire additional shares to make it a consolidated subsidiary. The TOB price is set at 230,000, a 53% premium over a 3-month average. Sojitz and Sakura Internet agree to keep Sakura Internet's shares listed as a publicly traded stock.They also entered into the Business Alliance Agreement in the aim of facilitating swift strategic decision-making and executiona and more fully utilizing the Sojitz Group's network and opertional know-how.