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TDK Corp (6762.T)

6762.T on Tokyo Stock Exchange

6,770JPY
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¥-420 (-5.84%)
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Mon, Aug 1 2016

BRIEF-TDK's subsidiary EPCOS to acquire Tronics for 13.20 euro per share

* Tdk's subsidiary EPCOS will launch an all-cash public tender offer for all publicly-held shares of Tronics for a price of 13.20 euro ($14.74) per share

TDK aims to build up auto business, cut smartphone dependence -CEO

TOKYO, July 6 Japanese electronic parts maker TDK Corp aims to boost sales of automotive products to reduce its proportion of smartphone-related business to 30 percent of revenue from 40 percent, its new chief executive said on Wednesday.

BRIEF-TDK expected to book 130 bln yen profit from spinning off assets to wireless communications partnership with Qualcomm - Nikkei

* TDK expected to book a 130 bln yen ($1.24 Bln) profit from spinning off assets to a wireless communications partnership with Qualcomm this FY - Nikkei

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