Longeach succeeds in bid for 99.53% of Sanyo Logistics
Pan-Asian private equity firm The Longreach Group announced the successful completion of its tender offer to acquire the issued and outstanding common shares of Sanyo Electric Logistics Co., Ltd., the logistics subsidiary owned by Sanyo Electric Co., resulting in the firm obtaining 99.53% of the company on a voting rights basis.
The company was delisted from the JASDAQ board upon completion of the transaction. Longreach will bring its broad business network and expertise to bear to work in close partnership with Sanyo Electric...
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