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TDK to acquire 23.93% stake in Toda Kogyo · Endata

◂ Announcements

Jul 30, 2018ACQUISITIONJapan

TDK to acquire 23.93% stake in Toda Kogyo

TDK Corporation agreed to acquire all outstanding shares of Toda Kogyo held by ITOCHU, giving TDK a 23.93% stake and making Toda Kogyo an equity method affiliate.

Status

Announced

Productsiron oxideelectronic materialsmagnetic materials

CompaniesITOCHU partner TDK Corporation acquirer Toda Kogyo Corp. target

Sectors#Semiconductors and Industrial Electronics

“TDK aims to achieve a breakthrough in market-driven solutions with a focus on the electronic components business.”tdk.com

1 source
tdk.comTDK expands its advanced materials technology by acquiring TODA Kogyo shares and enhancing joint development activities | Press Releases | News Center |TDK GLOBALJul 30, 2018

Summarized from public sources; check the original articles before acting on it.

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