CK SAN-ETSU Co., Ltd. completed the acquisition of an additional 33.87% stake in Nippon Shindo Company Ltd..
March 11, 2015 at 04:00 am
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CK SAN-ETSU Co., Ltd. (NSE:5757) made a takeover bid to acquire an additional 33.87% stake in Nippon Shindo Company Ltd. (TSE:5753) for approximately JPY 960 million on February 10, 2015. CK SAN-ETSU Co. has offered to acquire 8 million shares of CK SAN-ETSU Co. for a consideration of JPY 120 per share. Following the transaction, CK SAN-ETSU Co. will hold 11.83 million shares in Nippon Shindo Company. The offer period is from February 12 to March 11. Settlement starts on March 18. Nomura Securities Co., Ltd. acted as financial advisor and third party appraiser for CK SAN-ETSU Co., Ltd. Yamada FAS Co., Ltd. acted as third party appraiser for Nippon Shindo Company, Limited. Momo-o, Matsuo & Namba acted as legal advisor for CK SAN-ETSU Co., Ltd. and Nippon Shindo Company, Limited.
CK SAN-ETSU Co., Ltd. (NSE:5757) completed the acquisition of an additional 33.87% stake in Nippon Shindo Company Ltd. (TSE:5753) on March 11, 2015.
CK SAN-ETSU Co.,Ltd. is mainly engaged in the manufacture and sale of copper products. The Company operates in three business segments. The Wrought Copper segment is engaged in the manufacture of brass rods, brass wires and brass tubes which are materials for parts related to housing, home appliances, and automobiles. Production sites are the Tonami and Takaoka plants, the New Nitto plant and the Sakai plant. The Precision Parts segment is engaged in the forging and cutting of brass camera mount and faucet fittings. The Piping and Gilt segment is engaged in the manufacture of fittings used for water and gas piping. Hot-dip galvanizing is performed as a rust prevention treatment for steel materials. The main products include brass rods, brass wires, brass tubes, camera mounts, flare nuts, zarbos, plumbing equipment, and hot dip galvanizing.
CK SAN-ETSU CO., LTD. 
