Announced
Financials
Tags
Tender Offer
electrical equipment
Domestic
Majority
Single Bidder
Pending
Friendly
Acquisition
Japan
screws
Capital Goods
Public
Synopsis
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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