TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Shibaura Electronics Co., Ltd. ( (JP:6957) ) has provided an update.
Shibaura Electronics Co., Ltd. has received a response from YAGEO Corporation regarding additional inquiries related to YAGEO’s tender offer for Shibaura’s shares. The company’s board has maintained a supportive stance towards Minebea Mitsumi’s tender offer while withholding an opinion on YAGEO’s offer due to concerns about the feasibility and synergies of the acquisition. The situation is further complicated by national security concerns and regulatory approvals under Japan’s Foreign Exchange Act, with ongoing discussions and evaluations to ensure the best interest of shareholders.
More about Shibaura Electronics Co., Ltd.
Shibaura Electronics Co., Ltd. operates in the electronics industry, focusing on the production and development of electronic components and devices. The company is involved in the manufacturing and sale of thermistors and other temperature sensors, catering to a global market with a focus on innovation and quality.
Average Trading Volume: 224,514
Technical Sentiment Signal: Buy
Current Market Cap: Yen92.5B
Learn more about 6957 stock on TipRanks’ Stock Analysis page.