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Article: US FUND RHJ INT'L TO SELL ENTIRE STAKE IN JAPAN'S D&M HOLDINGS.
- Article from:
- AsiaPulse News
- Article date:
- January 24, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Jan 24 Asia Pulse - U.S. investment fund RHJ International plans to sell its holdings in audio equipment manufacturer D&M Holdings Inc. (TSE:6735), The Nikkei learned Wednesday.
RHJ International is D&M's top shareholder with a roughly 49 per cent stake and is soliciting potential buyers. It is expected to begin bidding procedures as early as this month. If negotiations come together, the buyer is expected to acquire all D&M shares, including those held by RHJ, through a tender offer.
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