Japan Investment Corporation, Dai Nippon Printing Co., Ltd. (TSE:7912), and Mitsui Chemicals, Inc. (TSE:4183) entered into a basic transaction agreement to acquire 50.02% stake in Shinko Electric Industries Co., Ltd. (TSE:6967) from Fujitsu Limited (TSE:6702) for ¥285.1 billion on December 12, 2023. As per the terms of the transaction, the offer price per share is ¥4,218.1. The consortium led by Japan Investment Corporation intends to launch a tender offer for remaining shares. Upon successful completion of tender offer and execution of agreement, Japan Investment Corporation will hold 80% stake, DNP will have a 15% stake and Mitsui Chemicals will have a 5% stake.
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Other stock markets
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5-day change | 1st Jan Change | ||
5,569 JPY | -0.22% | -0.38% | +1.55% |
Stocks mentioned in the article
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5d. change
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Capi.
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5,569 JPY | -0.22% | -0.38% | 4.88B | ||
4,573 JPY | +0.29% | -0.72% | 7.07B | ||
4,421 JPY | -0.27% | -1.84% | 5.46B | ||
2,330 JPY | -5.09% | -4.33% | 29.23B | ||
EPS Revisions
1st Jan change | Capi. | |
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+1.55% | 4.88B | |
+82.62% | 2,229B | |
+35.24% | 641B | |
+18.28% | 604B | |
+4.02% | 250B | |
+24.23% | 201B | |
+7.39% | 166B | |
+39.36% | 132B | |
-40.44% | 131B | |
+41.86% | 111B |
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- Japan Investment Corporation, Dai Nippon Printing Co., Ltd., and Mitsui Chemicals, Inc. entered into a basic transaction agreement to acquire 50.02% stake in Shinko Electric Industries Co., Ltd. from Fujitsu Limited for ¥285.1 billion.