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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  SoftBank Corp.    9434   JP3732000009

SOFTBANK CORP.

(9434)
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End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/22
1347 JPY   -0.26%
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UK software firm Aveva to raise $3.73 billion to fund OSIsoft deal

11/06/2020 | 03:09am EST

(Reuters) - British industrial software provider Aveva Group said on Friday it intends to raise 2.84 billion pounds ($3.73 billion) through a rights issue to partly fund the acquisition of SoftBank-backed peer OSIsoft.

Under the terms of the rights issue, investors can buy seven new shares for every nine shares they own at 22.55 pounds each, a discount of 32.2% to the theoretical ex-rights price.

Shares in the company fell 2.1% to 4,118 pence in early trade.

Aveva's $5 billion purchase will help expand its services with the California-based firm's PI system, which makes software that captures data from ships, chemical boilers, power plants and other facilities in industries including oil and gas, mining, pulp and paper and water.

The British company, which had planned the rights issue in August to help fund the deal, said it will offer 125.7 million shares in the rights issue.

France's Schneider Electric, which indirectly holds a 60% stake in the company, has undertaken to take up its rights in full on a pro rata basis, Aveva said.

It is also funding the deal with cash on its balance sheet, new debt and by issuing shares to one of OSIsoft's shareholders, Estudillo.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AVEVA GROUP PLC -1.62% 3830 Delayed Quote.19.61%
LONDON BRENT OIL -1.92% 55.07 Delayed Quote.8.61%
SCHNEIDER ELECTRIC SE 0.16% 125.35 Real-time Quote.5.96%
SOFTBANK CORP. -0.26% 1347 End-of-day quote.4.18%
SOFTBANK GROUP CORP. -1.63% 8800 End-of-day quote.9.21%
WTI -1.77% 52.063 Delayed Quote.10.00%
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Financials
Sales 2021 5 003 B 48 199 M 48 199 M
Net income 2021 504 B 4 859 M 4 859 M
Net Debt 2021 3 884 B 37 415 M 37 415 M
P/E ratio 2021 12,7x
Yield 2021 6,46%
Capitalization 6 336 B 61 048 M 61 044 M
EV / Sales 2021 2,04x
EV / Sales 2022 1,93x
Nbr of Employees 37 821
Free-Float 59,4%
Chart SOFTBANK CORP.
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SoftBank Corp. Technical Analysis Chart | 9434 | JP3732000009 | MarketScreener
Technical analysis trends SOFTBANK CORP.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 1 586,43 JPY
Last Close Price 1 347,00 JPY
Spread / Highest target 78,2%
Spread / Average Target 17,8%
Spread / Lowest Target -19,8%
EPS Revisions
Managers and Directors
NameTitle
Ken Miyauchi Executive President, CEO & Representative Director
Masayoshi Son Chairman
Yasuyuki Imai Co-COO, Representative Director & Executive VP
Jun Shimba Co-COO, Representative Director & Executive VP
Kazuhiko Fujihara Chief Financial Officer & Director
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