Yaskawa Electric Corp (6506.T) Key Developments | Reuters.com
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YASKAWA INFORMATION SYSTEMS Corp announces business and capital alliance with MITSUI & CO., PRINCIPAL INVESTMENTS LTD. and concerning YASKAWA Electric Corp


Wednesday, 16 Jul 2014 03:00am EDT 

YASKAWA INFORMATION SYSTEMS Corp:Formed a business and capital alliance with MITSUI & CO.'s wholly owned subsidiary MITSUI & CO., PRINCIPAL INVESTMENTS LTD. on July 16.Says to market development by access to Mitsui group's wide range of industrial fields and human resources support from MITSUI & CO. and PRINCIPAL INVESTMENTS LTD.MITSUI & CO., PRINCIPAL INVESTMENTS LTD. will acquire 3,599,700 shares of the company's stock, through its investment partnership, at price of 228 yen per share or 820,731,600 yen in total, from YASKAWA Electric Corp.Says MITSUI & CO., PRINCIPAL INVESTMENTS LTD. to become its second biggest shareholder by increased voting rights to 19.9 pct from 0 pct, effective Aug. 29.Parent company YASKAWA Electric Corp decreased voting rights to 38.5 pct (6,940,300 shares) from 58.5 pct (10,540,000 shares), no longer the parent company of YASKAWA INFORMATION SYSTEMS, effective Aug. 29. 

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