KKR, JIP seek $2.3b buyout of Japan's Hitachi Kokusai Electric
KKR has announced its third tender offer for a Japanese company in six months, teaming up with Japan Industrial Partners (JIP) and Hitachi on a JPY257.1 billion ($2.3 billion) bid for Hitachi Kokusai Electric.
A KKR-controlled entity has proposed to buy all outstanding shares in the company for JPY2,503 apiece, a 3.6% premium to the April 25 closing price, according to a filing. Assuming the tender offer is...
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