Japanese e-commerce company Rakuten Inc said, "It would acquire Asahi Fire & Marine Insurance Co Ltd for 45 billion yen ($413.6 million), its latest move to diversify beyond its online shopping site."
Rakuten said “it would launch a tender offer and pay 2,664 yen per share of Asahi Fire, a property insurance firm owned by Nomura Holdings and its subsidiary. The tender offer was confirmed by Nomura in a separate statement.”
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