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Alps Alpine Co Ltd Says Oasis Management Has Sued It For 38.4 Billion Yen In Damages For Merger
Alps Alpine Co Ltd Says To Buy Back Up To 9.14 Percent Of Own Shares Worth 28.4 Billion Yen By June 28
Alps Electric Says Elliott International's Stake In It Has Risen To 11.01 Percent From 9.00 Percent
ALPS ALPINE CO., LTD., formerly Alps Electric Co., Ltd., engages in electronic components business. The Company has three business segments. The Electronic Components segment involves in development, manufacturing and sale of a range of electronic components. The Automotive Infotainment business involves in development, manufacturing and sale of audio, information and communication equipment. The Logistics business involves in provision of transportation, storage and forwarding services. The Company also provides system development services, office services, as well as finance and leasing services.
Electronic Instr. & Controls
1-7, Yukigaya Otsuka-machi
President, Representative Director
Senior Managing Director, Chief Director of Sales
Managing Director, Chief Director of Production
Managing Director, Chief Director of Technology
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Alps Alpine Co said on Wednesday Hong Kong-based fund Oasis Management had sued it for 38.4 billion yen ($345 million) in damages and had asked the Tokyo District Court to nullify the merger that formed the Japanese company.
Hong Kong-based hedge fund Oasis Management stepped up on Wednesday its fight against Alpine Electronics Inc's plans to sell itself to larger affiliate Alps Electric Co, submitting proposals ahead of a June shareholder meeting.
* EVERSPIN SIGNS LONG-TERM PATENT LICENSE AGREEMENT WITH ALPS ELECTRIC
Bank of Japan board member Goushi Kataoka on Thursday cautioned against a premature exit from the BOJ's ultra-loose monetary policy and called for a ramping up of the bank's massive stimulus programme.
The Bank of Japan kept policy settings steady on Tuesday but a board newcomer called for clearer commitment to ramp up stimulus if necessary, potentially complicating future efforts by the central bank to dial back its massive monetary support.
At the Bank of Japan, it was the same old story. The BOJ held monetary settings steady at a policy review on Thursday and asked markets to have faith that inflation will hit its elusive 2 percent goal.
* Says it will fully acquire Alpine Electronics Inc through stock swap, effective Jan. 1, 2019
* Has renewed a multi-year license agreement with ALPS electric Co Ltd Source text for Eikon: Further company coverage:
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