Brief: Onkyo to acquire 21.83 pct stake in Onkyo & Pioneer Technology for 71.6 mln yen

TEAC

15/03/2018 07:32

March 15 (Reuters) - Onkyo Corp  6628.T  
   
    * Says co plans to acquire 21.83 percent stake (1,432
shares) in
Onkyo & Pioneer Technology Corporation (target firm) from Teac
Corp  6803.T  and Daikoku Denki Co Ltd  6430.T  on March 15, at
the price of 71.6 million yen in total  
    * Says co's unit Onkyo & Pioneer Corporation is holding
78.17
percent stake in target firm

    Source text in Japanese: https://goo.gl/gg6e9M
    Further company coverage: 6628.T  6803.T  6430.T 

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