Toyota Tsusho To Tender Offer Electronics Trading Company

Elematec Co., a listed electronics trading company, announced that Elematec approved a tender offer by Toyota Tsusho Co., a trading unit of Toyota Group. The TOB price is at 1,540 yen, a 44.1% premium over a 3 month average. As Toyota Tsusho limits the maximum number of shares to be purchased to 51.0% of Elematec's shares, it does not plan to delist Elematec.