Japan Investment Corporation, Dai Nippon Printing Co., Ltd. (TSE:7912), and Mitsui Chemicals, Inc. (TSE:4183) entered into a basic transaction agreement to acquire 50.02% stake in Shinko Electric Industries Co., Ltd. (TSE:6967) from Fujitsu Limited (TSE:6702) for ¥285.1 billion on December 12, 2023. As per the terms of the transaction, the offer price per share is ¥4,218.1. The consortium led by Japan Investment Corporation intends to launch a tender offer for remaining shares. Upon successful completion of tender offer and execution of agreement, Japan Investment Corporation will hold 80% stake, DNP will have a 15% stake and Mitsui Chemicals will have a 5% stake.
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5-day change | 1st Jan Change | ||
5,590 JPY | 0.00% | +1.34% | +1.93% |
Stocks mentioned in the article
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Capi.
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5,590 JPY | 0.00% | +1.34% | 4.8B | ||
4,555 JPY | +1.38% | +3.19% | 6.93B | ||
4,383 JPY | +1.95% | -0.61% | 5.29B | ||
2,426 JPY | -2.30% | -0.92% | 28.34B | ||
EPS Revisions
1st Jan change | Capi. | |
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+1.93% | 4.8B | |
+77.16% | 2,159B | |
+20.41% | 623B | |
+31.87% | 622B | |
+6.78% | 254B | |
+14.54% | 185B | |
+4.12% | 162B | |
+34.57% | 127B | |
+35.67% | 105B | |
+1.72% | 100B |
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- Japan Investment Corporation, Dai Nippon Printing Co., Ltd., and Mitsui Chemicals, Inc. entered into a basic transaction agreement to acquire 50.02% stake in Shinko Electric Industries Co., Ltd. from Fujitsu Limited for ¥285.1 billion.