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Article: United States: TDK, Epcos merger to streamline operations.
- Article from:
- TendersInfo
- Article date:
- August 4, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) 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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Byline: sanjayc03
High-quality ArticlesTDK Corp. and Epcos AG have announced the signing of a business combination agreement (BCA) that combines Epcos with TDKs activities in the electronic components field. The merger will create a stronger presence for the industry-leading electronic components company across customer sectors and regions. The agreement stipulates the basis of the partnership and the road map for its implementation.
At the initial stage, TDK will present a public tender offer for all outstanding shares of Epcos and will offer Epcos shareholders 17.85 euros ($27.77) in cash per share. This represents a 52-percent premium over the ...