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Hitachi Construction Machinery Co Ltd to Fully Acquire Subsidiary through Stock Swap


Wednesday, 30 Jan 2013 01:00am EST 

Hitachi Construction Machinery Co Ltd announced it has decided to fully acquire a 79.68%-owned subsidiary, Hitachi Kenki Logistics Technology Co., Ltd., which is engaged in the packaging, delivery, import and export of construction machinery in Ibaraki, Japan, effective April 1, 2013. Under the agreement, one share of the subsidiary's stock will be exchanged for 650 shares of the Company's stock. 

Company Quote

2065.0
14.0 +0.68%
2:00am EDT