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Announced

Sumitomo Electric Industries to acquire the remaining stake in Nissin Electric and Techno Associe.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Tender Offer

electrical equipment

Domestic

Majority

Single Bidder

Pending

Friendly

Acquisition

Japan

screws

Capital Goods

Public

Synopsis

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Sumitomo Electric Industries, a manufacturer of electric wire and optical fiber cables, agreed to acquire the remaining stake in Nissin Electric, an electrical equipment company, and Techno Associe, a manufacturer and seller of screws. Financial terms were not disclosed. "By making Nissin Electric and TECHNO ASSOCIE its wholly-owned subsidiaries, the Company will further reinforce the Group’s integrated power and will make efforts to further enhance the corporate value of the Group as a whole," Sumitomo.

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