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6581 - Hitachi Koki Co News Story

¥867 0.0  0.0%

Last Trade - 21/07/17

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £1.18bn
Position in Universe th / 3914

KKR to buy Hitachi's power tools unit for $1.3 bln

Fri 13th January, 2017 6:02am
TOKYO, Jan 13 (Reuters) - U.S. private equity firm KKR & Co 
LP  KKR.N  has agreed to buy Japanese conglomerate Hitachi Ltd's 
 6501.T  power tools unit, Hitachi Koki Co Ltd  6581.T , for 
about $1.3 billion, the companies said on Friday. 
    KKR will launch a tender offer for Hitachi Koki at 870 yen 
per share, costing it 88.2 billion yen. Including a special 
dividend of 580 yen per share upon success of the tender offer, 
KKR will pay a total of 147.1 billion yen ($1.28 billion). 
    Hitachi said last month it was considering selling Hitachi 
Koki.  urn:newsml:reuters.com:*:nL4N1EM3Q8 
    ($1 = 114.9400 yen) 
 
 (Reporting by Chris Gallagher and Chang-Ran Kim) 
 ((chris.gallagher@thomsonreuters.com; https://twitter.com/ChrisGallagher4; 
 81-3-6441-1842; Reuters Messaging: 
chris.gallagher.thomsonreuters.com@reuters.net)) 
 
Keywords: HITACHI KOKI M&A/KKR
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