Announced
Financials
Sources
Tags
systems integrator
IT Services: Other
Domestic
Friendly
Pending
Japan
Acquisition
Majority
Tender Offer
Public
Synopsis
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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