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An announcement from Fujitsu ( (JP:6702) ) is now available.
Fujitsu announced its decision to tender all shares of its consolidated subsidiary, FDK Corporation, as part of a strategic move to accelerate its portfolio transformation. The agreement with Silitech Technology Corporation aims to enhance Fujitsu’s corporate value by reallocating resources to digital and cloud services and shareholder returns, reflecting a shift in Fujitsu’s focus away from FDK’s battery and electronics businesses amid fierce industry competition.
More about Fujitsu
Fujitsu Limited is a global technology company transitioning from an information and communication technology firm to a digital transformation company. It focuses on creating innovations through digital technology and data, with key strategies in business model transformation, customer success, technology, and people. Fujitsu is enhancing its value by investing in growth areas like digital and cloud services.
YTD Price Performance: 23.84%
Average Trading Volume: 5,430
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $35.5B
Find detailed analytics on 6702 stock on TipRanks’ Stock Analysis page.
