KKR offers more for Hitachi Kokusai ElectricStaff Writer | November 24, 2017
KKR & Co has boosted its bid price for Hitachi Kokusai Electric for a second time.
Acquisition 3,132 yen a share
But it was below Hitachi Kokusai Electric’s previous closing share price of 3,290 yen on Wednesday. Shares in the Japanese manufacturer, which has seen its earnings surge amid booming demand for chips, finished trade up 1.2 percent at 3,330 yen.
The tender offer, originally slated to close on Friday is now due to run until December 8, Hitachi Kokusai said, adding that KKR’s revised offer was final. KKR did not issue a statement of its own and declined comment. ■