Michio Yoneda OSE President & CEO Comments on Merger Approval
Since the Meiji Period, OSE and TSE have competed each other in “a small glass”. Now we end the times, and from now on, all of managers and staff utterly commit to strive for realization of the “Asia’s strongest” exchange. We believe that this is the only way for us to contribute the new growth of Japanese economy.
Based on the approval of the JFTC today, TSE Group will promptly commence a takeover bid for OSE shares, and we will subsequently conclude a merger agreement and seek approval at their respective general shareholders meetings. We are scheduled to complete the business combination on January 1, 2013.