Brief: NEC updates on ToB for shares in Japan Aviation Electronics Industry

Japan Aviation Electronics Industry

28/11/2016 06:20

Nov 28 (Reuters) - NEC Corp  6701.T  : 
     
    * Says co is offering a takeover bid for up to 10 million 
shares (represents 10.97 percent stake) in Japan Aviation 
Electronics Industry Ltd  6807.T  at 1,920 yen per share 
    * Total transaction amount is 19.2 billion yen 
    * Says the offering period from Nov. 29 to Jan. 17, 2017 
    * Co is expected to hold 50.77 percent stake in Japan 
Aviation Electronics Industry Ltd after the transaction up from 
39.80 percent currently 
     
    Source text in Japanese: https://goo.gl/IJcwLW 
    Further company coverage: 6701.T  
 
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