Coronavirus - we're here to help
From how to access your account online, scam awareness, your wellbeing and our community we're here to help.

Skip to main content
  • Register
  • Help
  • Contact us
  • Log in to HL Account

Line Corp (LN) ADS each Repr 1 Ord Spons

Sell:$51.36 Buy:$51.49 Change: $0.33 (0.65%)
Market closed |  Prices as at close on 18 September 2020 | Switch to live prices |
Takeover

Line Corp ADS each Repr 1 Ord Spons

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Sep 2020)

What is happening?

 

NAVER Corporation recently announced the terms of a Tender Offer to purchase the entire share capital of Line Corp. Under the terms of the Tender Offer holders of Line Corp Shares have been offered JPY5,380.00 (Japanese Yen) for each Share held.

 

What are my options?

 

Option 1 – Do nothing. You are not required to take any action at this time. Please note that if the takeover by NAVER Corporation is successful the company may gain the ability to delist Line Corp or compulsorily acquire your shares. If the company did move to compulsorily acquire all remaining shares this process could take months or even years to complete.

 

Option 2 – Accept the Offer. You can give an instruction to accept the Tender Offer of JPY5,380.00 for each Line Corp Share held. Following receipt of your instruction your Shares would be submitted in acceptance of the Offer. The Hargreaves Lansdown client deadline for accepting the Offer is noon on Tuesday 8 September 2020.

 

Will I receive any cash proceeds in Japanese Yen?

 

No, the proceeds will be converted into USD by CREST, the UK settlement system and then converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees. CREST do not add a charge for the conversion to USD, however there may be a small loss due to any exchange rate spread at the time of conversion.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$51.36
Buy:$51.49
Change: $0.33 (0.65%)
Market closed |  Prices as at close on 18 September 2020 | Switch to live prices |
Takeover

Line Corp ADS each Repr 1 Ord Spons

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Sep 2020)

What is happening?

 

NAVER Corporation recently announced the terms of a Tender Offer to purchase the entire share capital of Line Corp. Under the terms of the Tender Offer holders of Line Corp Shares have been offered JPY5,380.00 (Japanese Yen) for each Share held.

 

What are my options?

 

Option 1 – Do nothing. You are not required to take any action at this time. Please note that if the takeover by NAVER Corporation is successful the company may gain the ability to delist Line Corp or compulsorily acquire your shares. If the company did move to compulsorily acquire all remaining shares this process could take months or even years to complete.

 

Option 2 – Accept the Offer. You can give an instruction to accept the Tender Offer of JPY5,380.00 for each Line Corp Share held. Following receipt of your instruction your Shares would be submitted in acceptance of the Offer. The Hargreaves Lansdown client deadline for accepting the Offer is noon on Tuesday 8 September 2020.

 

Will I receive any cash proceeds in Japanese Yen?

 

No, the proceeds will be converted into USD by CREST, the UK settlement system and then converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees. CREST do not add a charge for the conversion to USD, however there may be a small loss due to any exchange rate spread at the time of conversion.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$51.36
Buy:$51.49
Change: $0.33 (0.65%)
Market closed |  Prices as at close on 18 September 2020 | Switch to live prices |
Takeover

Line Corp ADS each Repr 1 Ord Spons

Type:
Takeover
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Sep 2020)

What is happening?

 

NAVER Corporation recently announced the terms of a Tender Offer to purchase the entire share capital of Line Corp. Under the terms of the Tender Offer holders of Line Corp Shares have been offered JPY5,380.00 (Japanese Yen) for each Share held.

 

What are my options?

 

Option 1 – Do nothing. You are not required to take any action at this time. Please note that if the takeover by NAVER Corporation is successful the company may gain the ability to delist Line Corp or compulsorily acquire your shares. If the company did move to compulsorily acquire all remaining shares this process could take months or even years to complete.

 

Option 2 – Accept the Offer. You can give an instruction to accept the Tender Offer of JPY5,380.00 for each Line Corp Share held. Following receipt of your instruction your Shares would be submitted in acceptance of the Offer. The Hargreaves Lansdown client deadline for accepting the Offer is noon on Tuesday 8 September 2020.

 

Will I receive any cash proceeds in Japanese Yen?

 

No, the proceeds will be converted into USD by CREST, the UK settlement system and then converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees. CREST do not add a charge for the conversion to USD, however there may be a small loss due to any exchange rate spread at the time of conversion.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
$51.08
Trade high:
$51.49
Year high:
$53.62
Market capitalisation
Market cap.
:
$12.31 bn
Previous close:
$51.16
Trade low:
$51.08
Year low:
$34.74
Shares in issue
Shares
:
240.69 m
Previous:
$0.19 (0.37%)
Previous:
$0.19
Volume:
n/a
Dividend yield:
n/a
Currency:
USD
Data delayed by at least 15 minutes.

Ready to invest?

To buy shares in , you'll need to have an account. Try our handy filter to explore the different options.

Compare accounts

Ready to take your first step?

To invest in , you'll need to open an account.
Try our handy filter to find which one suits you best.

Compare accounts

Important Documents

There are no documents available for this stock.

Dividend information for this stock is not available.

Dividend information for this stock is not available.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Reuters. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look. Exchange disclaimer

Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.