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Article: India: TDK, Epcos announce partnership.
- Article from:
- TendersInfo
- Article date:
- August 5, 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
TDK Corp. and Epcos AG have announced the signing of a Business Combination Agreement (BCA). The purpose of the agreement is to combine Epcos with TDK's activities in the electronic components field. The combination will create an industry-leading electronic components company with a strong presence across customer sectors and regions. The BCA contains the basis of the partnership and the roadmap for its implementation.
As a first step, TDK will launch a public tender offer for all outstanding shares of Epcos and will offer Epcos' shareholders EUR 17.85 in cash per share. The offer price represents a 52 per cent premium over the ...