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Simplex Holdings Inc Announces Partial Change to Article of Incorporation to Enable Full Acquisition by TDK Corporation; Announces Delisting of Stock from Stock Exchanges


Wednesday, 28 Aug 2013 02:00am EDT 

Simplex Holdings Inc announced that it has received shareholders' approval to make partial change to its article of incorporation to enable a Japan-based company to wholly own Simplex Holdings Inc. The Japan-based company conducted a takeover bid for the shares of Simplex Holdings Inc during the period from June 14, 2013 to August 5, 2013, acquiring 92.65% stake in Simplex Holdings Inc. As the Japan-based company intends to wholly own Simplex Holdings Inc, Simplex Holdings Inc has made a change to its article of incorporation to issue Class A classified stock. 1/45,000 share of Class A share will be exchanged with one share of Simplex Holdings Inc's common stock, effective September 13, 2013. Simplex Holdings Inc also announced that its stock will be delisted from the Tokyo Stock Exchange, as of October 15, 2013. 

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17 Apr 2014