Trader Sumitomo to Acquire IT Service Firm SCSK
Tomas Kauer - News Writer and Moderator 
Tokyo, Oct. 30 (Jiji Press)--Japanese trading house Sumitomo Corp. has announced its plan to make Tokyo-based major information technology service provider SCSK Corp. a wholly owned subsidiary through a takeover bid valued at some 882 billion yen. Sumitomo already holds a 50.6 pct equity stake in SCSK. According to the announcement on Wednesday, the purchase price is set at 5,700 yen per ...
