Iwakaze makes a big play for GDH
Firm plans to buy 13,189 shares
More Articles:
Most Viewed:
'New Moon' crosses $200 million(4891 views)Invictus(2127 views)The costs of Hollywood spending(1759 views)Hollywood sea of change(1502 views)Pearce hops on to 'Hungry Rabbit Jumps'(677 views) |
Iwakaze plans to buy 13,189 GDH shares, or 15% of the total, for 1.06 billion yen ($9.9 million) before Oct. 10.
The offered price per share is $74.65, compared with $82.12 per GDH share at the close of public trading on Sept. 9.
GDH’s prexy Shinichiro Ishikawa, executive VP/COO Yasushi Uchida and CFO Fumiaki Goto will depart, while a new prexy and management team will take over on Oct. 1.
GDH reported an operating loss of $32.6 million for the year ending in March.
GDH titles include the TV toon series “Afro Samurai” and the feature toon “Brave Story,” which GDH production arm Gonzo made with Fuji TV and Warners.
