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New Deal


Announced

Itochu to acquire the remaining shares of Itochu Techno-Solutions for $2.7bn.

Financials

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Transaction Value£2,109m
Consideration TypeCash
Capital Owned61%
Capital Bid For39%
EV/Sales-
EV/EBITDA-
Share Price Premium10%
One Off Charge-

Tags

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systems integrator

IT Services: Other

Domestic

Friendly

Pending

Japan

Acquisition

Majority

Tender Offer

Public

Synopsis

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Itochu, a trader of raw materials and finished apparel, agreed to acquire the remaining shares of Itochu Techno-Solutions, a systems integrator, for $2.7bn. Itochu will launch a tender offer for Itochu Techno-Solutions at as much as $30 a share. The offer is a 10% premium to Wednesday’s closing price of $27. Itochu currently has a 61.24% stake in the unit.

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