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BRIEF-NEC announces outcome of ToB for shares in Japan Aviation Electronics Industry
January 18, 2017 / 6:23 AM / 9 months ago

BRIEF-NEC announces outcome of ToB for shares in Japan Aviation Electronics Industry

Jan 18 (Reuters) - NEC Corp :

* Says 34.1 million shares in Japan Aviation Electronics Industry were offered in takeover bid from Nov. 29, 2016 to Jan. 17, 2017, and co will buy 10 million shares proportionally as planed

* Acquisition price at 1,920 yen per share

* Settlement date starts from Jan. 23

* Co will own 50.77 percent stake in Japan Aviation Electronics Industry, up from 39.80 percent previously

Source text in Japanese: goo.gl/VDjvPd

Further company coverage: (Beijing Headline News)

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