Brief: NEC to launch takeover bid for 10 mln shares of Japan Aviation Electronics Industry Ltd

Japan Aviation Electronics Industry

31/05/2016 07:14

May 31 (Reuters) - NEC Corp  6701.T :  
     
    * Say the company will buy up to 10 million shares(10.97 
percent stake) of Japan Aviation Electronics Industry Ltd 
 6807.T  through takeover bid in November 
    * Says transaction price is 1,920 yen per share 
    * Says the company is holding 39.3 percent stake in Japan 
Aviation Electronics Industry currently 
     
     
    Source text in Japanese:https://goo.gl/OcgjD7 
    Further company coverage: 6701.T   6807.T  
 
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Keywords: /BRIEF