Itochu set to take Dentsu Soken private in $1.3 billion deal

Japanese trading company Itochu is set to take Dentsu Soken private through a major acquisition valued at approximately $1.3 billion, or roughly ¥215.2 billion.

Under the terms of the transaction, Itochu will acquire nearly 75 million shares of Dentsu Soken at a price of ¥2,880 per share.