2023-07-19 19:03:48
Toshiba has decided to accept the TOB = stock tender offer proposed by the investment fund “Japan Industrial Partners” with the aim of delisting its shares for the purpose of virtually eliminating overseas investment funds called activists.
Regarding this plan, NGK SPARK PLUG announced that it has decided to invest 25 billion yen in a fund operated by Japan Industrial Partners.
In addition, following the completion of the purchase, it will also subscribe to 25 billion yen of subordinated bonds.
NGK SPARK PLUG’s reason for participating in the plan is that, in addition to pure investment in anticipation of an increase in corporate value in the future, it is also part of the effort to transform the business structure, where the automobile engine-related business accounts for approximately 80% of the group’s sales. I’m explaining.
NGK SPARK PLUG wants to consider collaboration with Toshiba in the future.
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