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The latest announcement is out from Fujitsu ( (JP:6702) ).
Fujitsu has entered into an agreement with Paloma Rheem Holdings to make its affiliate, Fujitsu General Limited, private. This move, involving share consolidation and financial restructuring, is part of Fujitsu’s strategy to enhance corporate value by reallocating assets toward growth investments and shareholder returns. The transaction signifies a shift in Fujitsu’s portfolio strategy, aiming to focus on highly profitable areas while supporting Fujitsu General’s adaptation to a changing market environment.
More about Fujitsu
Fujitsu Limited is a global technology company transitioning from its traditional role in information and communication technology to a digital transformation company. It focuses on innovations leveraging digital technology and data, with a strategic emphasis on growth areas such as digital and cloud services.
YTD Price Performance: 0.43%
Average Trading Volume: 10,051
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $32.67B
See more data about 6702 stock on TipRanks’ Stock Analysis page.