Calsonic Kansei Corp (7248.T)
6 Dec 2016
* OPEC meeting, Italy's referendum could trigger profit-taking - analyst
Nov 22 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:
TOKYO U.S. buyout firm KKR & Co is buying Nissan Motor-backed auto parts maker Calsonic Kansei Corp for up to 498.3 billion yen ($4.5 billion) in its biggest deal in Japan, seizing on a rare chance there to do a multi-billion dollar purchase.
* Calsonic relies on Nissan for 80 pct of sales (Adds KKR executive's comments, details of its previous deals in Japan)
* U.S. buyout firm KKR & Co is offering a takeover bid for 267,882,277 shares (or no less than 178,588,185 shares) of the company's stock via KKR's unit, at the price of 1,860 yen per share
TOKYO, Nov 22 U.S. buyout firm KKR & Co is buying Japanese auto parts maker Calsonic Kansei Corp from Nissan Motor and other shareholders for as much as 498.3 billion yen ($4.50 billion), the companies said on Tuesday.
TOKYO Calsonic Kansei Corp said it would discuss KKR & Co's bid for the Nissan Motor Co supplier at its board meeting later on Tuesday, nearing a deal worth $3.6 billion and sending its shares to a record high.
Nov 21 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:
Nov 22 Nissan Motor Co will sell 41 percent of its stake in auto parts supplier Calsonic Kansei Corp to U.S. buyout firm KKR & Co, the Nikkei reported.
* KKR will launch a tender offer to obtain all outstanding shares in Calsonic Kansei for an estimated 400 billion Yen ($3.6 billion) - Nikkei