Atsushi Saito TSE President & CEO Comments on Merger Approval
Following the approval of the JFTC, TSE Group will promptly commence a takeover bid for OSE shares as announced in “Agreement regarding Business Combination between Tokyo Stock Exchange Group, Inc. and Osaka Securities Exchange Co., Ltd.” released on November 22, 2011. TSE Group and OSE will subsequently conclude a merger agreement and seek approval at our respective general shareholders meetings. The business combination is scheduled to be completed on January 1, 2013.
We will continue working toward the business combination to strengthen our presence as a global financial center, increase convenience for market users, and also contribute to raising the competitiveness of the Japanese financial and capital market in our efforts to revitalize the Japanese economy.