An unknown buyer agreed to acquire 9.03% stake in Teac Corporation (TSE:6803) from ONKYO Corporation (JASDAQ:6628) for ¥1.6 billion on June 10, 2014. Under the terms of the agreement, the buyer will acquire 26.038 million shares of Teac Corporation. The deal is expected to close on June 18, 2014.
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- An unknown buyer agreed to acquire 9.04% stake in Teac Corporation from ONKYO Corporation for ¥1.6 billion.