United Kingdom

Oki Electric Industry says takeover bid for shares of Oki Electric Cable

Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Oki Electric Industry Co Ltd <6703.T>:Says co plans to offer a takeover bid for 2.3 million shares (or no less than 1.2 million shares) of Oki Electric Cable Co Ltd <<<5815.T>>> (target firm).Offered purchase price at 3,650 yen per share and takeover bid total amount at 8.41 billion yen .Offering period from Nov. 1 to Dec. 18.Settlement starts on Dec. 25.Says co is directly holding 36.2 voting power in target firm and co plans to fully acquire target firm . 

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