Latest Tokyo Brief coverage on KANEMATSU CORPORATION, tracking filings, financial news, and market signals from Japan.
TSE:8020
Accenture's Japanese unit offers ¥8,500 a share for Global Security Experts, but holders of 59.83% will not tender and will sell to the company after a squeeze-out at ¥5,835 and ¥6,918.
Kanematsu Electronics now owns all of IDAJ and its subsidiaries at a final cost of ¥49.8bn including advisory fees, below the ¥50.4bn first estimate, with a minor expected effect on current-period earnings.
Kanematsu Electronics is buying full control of Yokohama's IDAJ, a model-based design and simulation software specialist, for about ¥39.4 billion, a bet that trading-house manufacturing IT can move upstream into engineering design work, even though two of the target's smaller units are lossmaking with negative net worth.
Current holdings disclosed by tracked funds.