KEMET to acquire NEC TOKIN from NEC Corporation

KEMET Corporation signed a definitive agreement to acquire NEC TOKIN Corporation from NEC Corporation for JPY 6.0 billion (approximately $52.5 million). The acquisition is expected to close on or about April 10, 2017. NEC TOKIN will also sell its EMD division to NTJ Holdings 1 Ltd. for approximately JPY 48.2 billion ($422 million).

“KEMET Corporation announced today that it has signed a definitive agreement and is targeting a closing date on or about April 10, 2017 to complete the acquisition of NEC TOKIN Corporation from NEC Corporation.”globenewswire.com

• 2 sources
• globenewswire.comKEMET Announces Agreement to Acquire NEC TOKINKEMET CorporationFeb 23, 2017
• sec.govKEMET CORP Form 8-K filed February 23, 2017Feb 23, 2017

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