Gakken Holdings Co., Ltd. (TSE:9470) agreed to acquire 3.5% in Kawai Musical Instruments Manufacturing Co., Ltd. (TSE:7952) for ¥600 million on July 31, 2015. Under the terms of the deal, Gakken Holdings Co will acquire approximately 0.29 million shares. In a related transaction, Kawai Musical agreed to acquire 2.5 million shares in Gakken Holdings Co., Ltd.
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- Gakken Holdings Co., Ltd. agreed to acquire 3.5% in Kawai Musical Instruments Manufacturing Co., Ltd. for ¥600 million.