Kawai Musical Instruments Manufacturing Co., Ltd. (TSE:7952) agreed to acquire 2.68% stake in Gakken Holdings Co., Ltd. (TSE:9470) for ¥600 million on July 31, 2015. Under the terms of the deal, Kawai Musical Instruments Co will acquire 2.44 million shares of Gakken Holdings. In a related transaction, Gakken Holdings Co., Ltd. (TSE:9470) agreed to acquire 3.5% stake in Kawai Musical Instruments Manufacturing Co., Ltd. (TSE:7952) for ¥600 million July 31, 2015.
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- Kawai Musical Instruments Manufacturing Co., Ltd. agreed to acquire 2.68% stake in Gakken Holdings Co., Ltd. for ¥600 million.