KKR completes tender offer for Japan's Hitachi Kokusai
KKR has completed its tender offer for Japanese high-tech manufacturer Hitachi Kokusai Electric, having surpassed the 24.1% shareholder support required for the JPY322 billion ($2.9 billion) deal to proceed.
Approximately 26.2 million shares – or 25.55% of the total – were voted in favor of the transaction. Hitachi Kokusai will now repurchase a 51.67% stake in the business held by Hitachi at a price of...
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