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NIDEC CORP's Nidec Sankyo Corporation to Acquire Mitsubishi Materials C.M.I. Corporation from Mitsubishi Materials Corp


Wednesday, 25 Sep 2013 07:30pm EDT 

NIDEC CORP announced that one of its wholly owned subsidiaries, Nidec Sankyo Corporation (Nidec Sankyo), has agreed to purchase all of the shares of common stock of Mitsubishi Materials C.M.I. Corporation (CMI) from Mitsubishi Materials Corp (the Transaction). Nidec Sankyo and Mitsubishi Materials have entered into a basic agreement in connection with the Transaction as of September 26, 2013. The number of shares to be acquired is 490,000 (percentage of total outstanding shares: 100%). The transaction is expected to close on December 2013. The financial terms of the transaction were not disclosed. 

Company Quote

449.0
11.0 +2.51%
31 Jul 2015