Faurecia had announced in late October (see our Latest dated 26 October 2018) that it intends to acquire Clarion, the Japanese producer of cockpit electronics. Hitachi (63.8% shareholder of Clarion) had already given its approval and now that the relevant anti-trust authorities have given their approval, the tender offer starts on 30 January and lasts until 28 February. Faurecia offers Y2,500 per share and it eventually intends to squeeze potentially remaining shares out.
29 Jan 2019
Tender offer for Clarion starts tomorrow
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Tender offer for Clarion starts tomorrow
Forvia SE (FRVIA:PAR) | 0 0 (-1.4%) | Mkt Cap: 9,624m
- Published:
29 Jan 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Faurecia had announced in late October (see our Latest dated 26 October 2018) that it intends to acquire Clarion, the Japanese producer of cockpit electronics. Hitachi (63.8% shareholder of Clarion) had already given its approval and now that the relevant anti-trust authorities have given their approval, the tender offer starts on 30 January and lasts until 28 February. Faurecia offers Y2,500 per share and it eventually intends to squeeze potentially remaining shares out.