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6957 — Shibaura Electronics Co News Story

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Taiwan's Yageo completes tender offer for Japan's Shibaura

TAIPEI, Oct 20 (Reuters) - Taiwan's Yageo 2327.TW has completed a tender offer for Japan's Shibaura Electronics 6957.T with an 87.3% acceptance rate, the electronic components maker said on Monday.

"Yageo will comply with Japanese regulations and continue the privatisation of Shibaura, aiming to complete the process by Q1 2026," the company said in a statement.

It described the acquisition as a pivotal advancement for its global strategy within the electronic components industry.

 (Reporting by Wen-Yee Lee; editing by Mark Heinrich)

 ((Ethan.Wang@thomsonreuters.com;))

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