The latest announcement is out from Furukawa Electric Co ( (JP:5801) ).
Furukawa Electric Co., Ltd. announced a delay in the commencement of a tender offer for shares of its subsidiary, The Furukawa Battery Co., Ltd., by AP78 Co., Ltd. The delay is due to incomplete procedures related to Japan’s competition law, although Thai procedures have been completed. The tender offer is now expected to begin in late June 2025. Furukawa Electric is assessing the impact of this delay on its future outlook and will update stakeholders if there are any changes.
More about Furukawa Electric Co
Furukawa Electric Co., Ltd. operates within the electrical and electronics industry, focusing on manufacturing and providing a range of products including electric cables, optical fibers, and related components. The company is listed on the Prime Market of the Tokyo Stock Exchange and has a significant presence in the global market.
YTD Price Performance: -10.96%
Average Trading Volume: 200
Technical Sentiment Signal: Sell
Current Market Cap: $2.65B
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