KYOCERA Announces Result of Tender Offer for Shares of Nihon Inter Electronics Corporation
Nihon Inter Electronics to be consolidated into Kyocera Group as of September 4, 2015
14 September 2015
Kyoto/Neuss – Kyocera Corporation has announced the completion of its tender offer, which commenced July 31, 2015 and concluded Aug. 28, 2015, to acquire a majority interest in Nihon Inter Electronics Corporation. As of the settlement date of September 4, 2015, Kyocera will commence acquiring a 69.33% equity interest in Nihon Inter Electronics Corporation, consisting of 40,112,700 common shares, as well as 21,461,524 shares converted from 9,121,148 shares of Class A Preferred Stock, totaling 61,574,224 shares.
Details are available at http://global.kyocera.com/ir/news/pdf/150829_e.pdf.
Nihon Inter Electronics Corporation, listed in the second section of the Tokyo Stock Exchange, is a power-semiconductor manufacturer specializing in high-power industrial diodes and diode modules. Kyocera will consolidate Nihon Inter Electronics Corporation as of September 4, 2015 in order to expand its businesses in power electronics — particularly for industrial equipment, such as DC-to-AC power inverters, and automotive electronics.
Kyocera and Nihon Inter Electronics Corporation will enjoy R&D synergies by combining Kyocera’s ceramic device packages and epoxy molding compounds for semiconductors with the device technology of Nihon Inter Electronics Corporation. The two enterprises will also enjoy significant sales and marketing synergies as Nihon Inter Electronics Corporation will be able to sell its products through Kyocera’s global sales channels.
For more information about Kyocera: www.kyocera.eu
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