Article: India: TDK, Epcos announce partnership.

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 ...

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