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Japan's TDK says to buy Swiss Micronas Semiconductor for up to $215 million
December 17, 2015 / 6:38 AM / 2 years ago

Japan's TDK says to buy Swiss Micronas Semiconductor for up to $215 million

The logo of TDK Corp is pictured at the company headquarters in Tokyo, Japan, December 2, 2015. REUTERS/Toru Hanai

TOKYO (Reuters) - Japan’s TDK Corp (6762.T) said on Thursday it plans to acquire Micronas Semiconductor Holding AG MASN.S for up to 214 million Swiss francs ($215 million).

TDK said it would offer 7.5 francs for each of the Swiss company’s shares, and that Micronas’ board had approved the plan. It expects the deal to be completed on or around Feb. 10 next year, it said in a statement.

Reporting by Chang-Ran Kim; Editing by Muralikumar Anantharaman

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