HALISTER: KKR to Acquire Hitachi Kokusai in Deal Valued at $2.3b

KKR to Acquire Hitachi Kokusai in Deal Valued at $2.3b

(Bloomberg) -- KKR to offer 2,503 yen/share to acquire Hitachi Kokusai shares in tender offer.
  • Kokusai to also acquire shares held by parent Hitachi in buyback at 1,710.34 yen/share
  • Kokusai to split off thin-film process solutions business prior to the deal which will be acquired by KKR
  • Tender offer to start in early Aug.
  • KKR says proposed tender offer price values Hitachi Kokusai at approximately 257.1b yen

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
KKR US (KKR & Co LP)
6756 JP (Hitachi Kokusai Electric Inc)
6501 JP (Hitachi Ltd)
JIPTRZ JP (Japan Industrial Partners Inc)

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