Tomen Devices Corporation (TSE:2737) signed a contract to acquire Sales agency business of Samsung Japan Corporation operated by Marubun Semicon Corporation for approximately ¥870 million on May 8, 2018. The consideration will be paid in cash through own funds of Tomen Devices Corporation. Signing of revisions to the Memorandum of Understanding held on September 28, 2018. The transaction is resolved by the board of Tomen Devices Corporation. The transaction is expected to complete on November 1, 2018. Tomen Devices Corporation (TSE:2737) cancelled the acquisition of sales agency business of Samsung Japan Corporation operated by Marubun Semicon Corporation on May 8, 2019.