Mitsui Fudosan successfully acquires Tokyo Dome via tender offer

Property developer Mitsui Fudosan Co. said Tuesday its friendly tender offer for Tokyo Dome Corp. was successful, clinching the 102.23 billion yen ($980 million) purchase of the operator of a major indoor ballpark. Mitsui Fudosan will acquire an 84.8 percent stake in Tokyo Dome, seeking to redevelop the popular leisure spot where the stadium operator also has an amusement park and hotel. With a maximum capacity of 55,000, the stadium is the home ballpark of professional Japanese baseball team Yomiuri Giants. After Mitsui Fudosan makes Tokyo Dome a wholly owned subsidiary, The Yomiuri Shimbun H…

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HEDGE accordingly