Brief: Japan Aviation Electronics Industry (Jae) It Is True That The Company Received Multiple Buyout Offers In The Past

NEC

15/02/2024 14:51

NEC Corp  6701.T :
    * JAPAN AVIATION ELECTRONICS INDUSTRY (JAE): IT IS TRUE THAT
THE
COMPANY RECEIVED MULTIPLE BUYOUT OFFERS IN THE PAST
    * JAE: CONCLUDED AFTER REVIEW THAT BUYING BACK STAKE HELD BY
NEC
THROUGH TENDER OFFER CONTRIBUTES TO BETTER CAPITAL EFFICIENCY
    * JAE: THEREFORE BELIEVE BUYBACK OF NEC-HELD SHARES MAKES
SENSE
    * JAE: CONTINUE TO SEEK UNDERSTANDING AND SUPPORT FROM
SHAREHOLDERS FOR BUYBACK TENDER OFFER TO MAXIMISE SHAREHOLDER
VALUE

Source text for Eikon:  ID: 
Further company coverage:  6701.T