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

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.