United Kingdom

Stanley Electric Co Ltd (6923.T)

6923.T on Tokyo Stock Exchange

23 May 2018
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¥-25 (-0.63%)
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Wed, Apr 25 2018

BRIEF-Stanley Electric to retire treasury shares

* Says it will retire 400,000 shares (0.23 percent of outstanding) of its common stock on May 9

BRIEF-R&I affirms Stanley Electric's rating at "A+" and says stable outlook – R&I

* Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" – R&I

BRIEF-Stanley Electric and unit says settlement on automobile lamps related lawsuit

* Says co and unit reach settlement with plaintiffs on automobile lamps related lawsuit in U.S., with settlement fund of $20.5 million (about 2.3 billion yen)

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