February 14, 2012
Ushio To Acquire ADTEC Engineering Via Tender offer
Ushio Inc., a light(lamp)-oriented electrical company, announced that Ushio will make a tender offer for ADTEC Engineering Co., Ltd., an exposure systems-based manufacturer. The TOB price is set at 400 yen, a 29.87% premium over a 3 month average. The founding family(its largest shareholder) of ADTEC agreed to the tender offer.
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