Mahle Japan raises voting share of Kokusan Denki to 90.12 percent  [ Japan ]

Mahle Japan Ltd. announced that it has completed a tender offer bid (TOB) for common shares of Kokusan Denki Co., Ltd., which commenced on May 1, 2015 and ended on June 16, 2015. Through the TOB, Mahle Japan will raise its voting share of Kokusan Denki to 90.12 percent from 39.09 percent effective June 23, 2015. Kokusan Denki will be fully integrated in the Mahle Group as the "Electric Drives a...
<Jun 17, 2015>