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An announcement from Shibaura Electronics Co., Ltd. ( (JP:6957) ) is now available.
Shibaura Electronics Co., Ltd. announced changes to its previous recommendation regarding a tender offer for its shares by Minebea Mitsumi, Inc. The company has decided to maintain its support for the Minebea Mitsumi Tender Offer, which has been raised to 6,200 yen, while leaving the decision to tender up to individual shareholders. This decision comes amidst a competing offer from YAGEO Electronics Japan LLC, which has not yet secured necessary approvals. The company’s board believes the Minebea Mitsumi offer is reasonable and beneficial for minority shareholders, reflecting a strategic move to enhance corporate value.
More about Shibaura Electronics Co., Ltd.
Shibaura Electronics Co., Ltd. operates in the electronics industry, focusing on the production and distribution of electronic components and devices. The company is known for its innovative approach and commitment to enhancing corporate value through strategic partnerships and market positioning.
Average Trading Volume: 125,038
Technical Sentiment Signal: Buy
Current Market Cap: Yen90.64B
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