Reported 1 day ago
Taiwan's Yageo has enhanced its tender offer for Japan's Shibaura Electronics to 7,130 yen per share, marking a 7.5% increase as it competes with Minebea Mitsumi in an escalating bidding war. The offer period has been extended to September 8, during which Yageo aims to demonstrate the potential benefits of merging the two companies, despite Minebea Mitsumi maintaining its stance on not extending its own offer.
Source: YAHOO