Simpson Thacher Represents Mitsui Trust Holdings in Global Secondary Offering of Shares by the Government of Japan
08.23.07
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The Firm recently represented Mitsui Trust Holdings, Inc. and The Resolution and Collection Corporation of Japan (RCC), a subsidiary of The Deposit Insurance Corporation of Japan, in the RCC’s sale of 82,222,000 shares of common stock of Mitsui Trust Holdings. The offering included a public offering in Japan and offerings to institutional investors in Europe and the United States under Regulation S and Rule 144A. The RCC received gross proceeds of ¥86.6 billion, or approximately $715 million, in the offering. The RCC converted a portion of its preferred stock in Mitsui Trust Holdings into common stock and sold that common stock in the global secondary offering.
The Simpson Thacher attorneys who worked on the transaction include David Sneider, Alan Cannon, Robert Laplante and Mohan Nadig in Tokyo and Ben Applestein in New York.