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An announcement from Fujitsu ( (JP:6702) ) is now available.
Fujitsu is progressing with a transaction to take its subsidiary, SHINKO ELECTRIC INDUSTRIES, private, in partnership with JICC-04, a subsidiary of Japan Investment Corporation. This move involves several procedural steps, including share consolidation and financial restructuring at SHINKO. The completion of competition law procedures in Vietnam and China has been announced, with the tender offer expected to commence in mid-February 2025.
More about Fujitsu
Fujitsu is a leading digital services company in Japan, focusing on sustainability transformation through innovation. Operating in over 100 countries, Fujitsu delivers services and solutions across computing, networks, AI, data & security, and converging technologies. It reported consolidated revenues of 3.7 trillion yen (US$26 billion) for the fiscal year ending March 31, 2024.
YTD Price Performance: 1.95%
Average Trading Volume: 3,799
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $31.57B
For a thorough assessment of 6702 stock, go to TipRanks’ Stock Analysis page.
