Brief: TDK's subsidiary EPCOS to acquire Tronics for 13.20 euro per share

Tronics Microsystems SA

01/08/2016 10:21

Aug 1 (Reuters) - Tronics Microsystems SA  ALTRO.PA : 
    * Tdk's subsidiary EPCOS will launch an all-cash public tender offer for all publicly-held 
shares of Tronics for a price of 13.20 euro ($14.74) per share 
    * Offer price per share of Tronics represents a 78.4 pct premium to closing share price as 
of July 7, 2016 
    * Offer will be conditional upon reaching a 66.67 pct success threshold 
    * Thales Avionics has informed EPCOS that it wishes to remain a strategic shareholder of 
Tronics 
 
Source text for Eikon:  ID:nNDL3VzCnn  
Further company coverage:  ALTRO.PA  
 
($1 = 0.8956 euros) 
 
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