YAGEO Corporation (TWSE: 2327) announced the launch of a tender offer to acquire shares of SHIBAURA ELECTRONICS CO., LTD. (TSE: 6957), a globally recognized leader in the manufacturing of NTC (negative temperature coefficient) thermistors, known for its strong technological capabilities. As part of the ongoing acquisition process, YAGEO has been notified by the relevant Japanese authorities that the waiting period stipulated under the Foreign Exchange and Foreign Trade Act has been extended. In response to this development and in accordance with Japanese regulatory requirements, YAGEO has decided to extend the tender offer period.
About YAGEO
Founded in 1977 and headquartered in Taiwan, YAGEO is a global service provider of electronic
component solutions, offering a broad selection of passive component technologies from some of the industry’s most recognized brands. Today, YAGEO has consolidated sales of around 4BN USD and employs more than 40,000 individuals around the world. With 61 manufacturing sites located in 35 countries and 20 R&D centers, YAGEO has a leading portfolio of electronic components as well as global production and sales capabilities designed to meet the diverse requirements of customers and a full range of end market segments.