Hedge fund Effissimo increases stake in Japanese chipmaker Sanken to 19.9%

Sanken Electric

25/03/2021 08:50

TOKYO, March 25 (Reuters) - Singapore-based hedge fund
Effissimo Capital Management said on Thursday its stake in
Japan's Sanken Electric Co  6707.T  would increase to 19.93% as
a result of a tender offer.
    Effissimo, which already held nearly 10% of Sanken, had
planned to buy an additional 20% of the power-management
chipmaker through the tender offer that closed on Wednesday, but
only managed to get half of that.  urn:newsml:reuters.com:*:nT9N2K000H
    
     

($1 = 108.9800 yen)

 (Reporting by Makiko Yamazaki; Editing by Susan Fenton)
 ((Makiko.Yamazaki@thomsonreuters.com; +81-3-4563-2805;))