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BRIEF-Hitachi Ltd to sell power tools unit to Kohlberg Kravis Roberts in deal to exceed 150 billion yen - Nikkei
December 27, 2016 / 5:31 PM / a year ago

BRIEF-Hitachi Ltd to sell power tools unit to Kohlberg Kravis Roberts in deal to exceed 150 billion yen - Nikkei

Dec 27 (Reuters) - Nikkei:

* Negotiations related to Hitachi Koki’s sale to Kohlberg Kravis Roberts are in the final stages - Nikkei

* Official agreement between Hitachi and Kohlberg Kravis Roberts could be reached next month - Nikkei

* After Kohlberg Kravis Roberts’ acquisition of Hitachi Koki, Hitachi Koki would be delisted from the Tokyo Stock Exchange’s first section - Nikkei

* Hitachi Ltd intends to sell power tools unit Hitachi Koki to Kohlberg Kravis Roberts in deal estimated to exceed 150 billion yen - Nikkei

* Kohlberg Kravis Roberts plans to purchase all of Hitachi Koki's outstanding shares through a tender offer - Nikkei Source text for Eikon: [ID:s.nikkei.com/2inHQXt] Further company coverage:

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