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 | ||
5,557 JPY | -0.22% | +0.11% | +1.33% |
Stocks mentioned in the article
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Capi.
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5,557 JPY | -0.22% | +0.11% | 4.84B | ||
4,605 JPY | +0.70% | +1.57% | 7.04B | ||
4,508 JPY | +1.97% | +1.51% | 5.4B | ||
2,363 JPY | +1.42% | -4.06% | 27.55B | ||
EPS Revisions
1st Jan change | Capi. | |
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+1.33% | 4.84B | |
+79.72% | 2,225B | |
+34.23% | 642B | |
+17.24% | 614B | |
+3.40% | 248B | |
+24.80% | 201B | |
+8.19% | 167B | |
+38.65% | 132B | |
+36.48% | 109B | |
+3.05% | 102B |
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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.