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Shibaura Electronics Co., Ltd. ( (JP:6957) ) has issued an announcement.
Shibaura Electronics Co., Ltd. has announced its support for a tender offer by MinebeaMitsumi, Inc., recommending shareholders to tender their shares. The company opposes a competing offer from YAGEO Corporation, despite YAGEO’s proposal to increase its offer price. This decision reflects Shibaura’s strategic alignment with MinebeaMitsumi, which could enhance its corporate value and benefit shareholders.
More about Shibaura Electronics Co., Ltd.
Shibaura Electronics Co., Ltd. operates in the electronics industry, focusing on manufacturing electronic components and devices. The company is known for its innovation and quality in producing sensors and related technologies, catering to a global market.
YTD Price Performance: 70.90%
Average Trading Volume: 174,085
Technical Sentiment Signal: Sell
Current Market Cap: Yen84.61B
For a thorough assessment of 6957 stock, go to TipRanks’ Stock Analysis page.