December 18, 2017 / 2:45 AM / 6 months ago

BRIEF- Kuroda Electric announces outcome of takeover bid by Tokyo-based firm

* Says a Tokyo-based firm, which is wholly owned by MBK Partners JC Ⅳ, L.P. acquired 25.7 million shares of the company, during the period from Nov. 2 to Dec. 15

* Acquisition price at 2,720 yen per share

* Settlement starts on Dec. 22

* Says the Tokyo-based firm will hold 68.3 percent voting rights in the company after the transaction and will become top shareholder of the company, effective Dec. 22

Source text in Japanese:goo.gl/9pc35d

Further company coverage: (Beijing Headline News)

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