Toshiba to extend tender offer period for NuFlare until Jan. 16

Technology

FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo

TOKYO (Reuters) – Toshiba Corp said on Monday it would extend the period of its tender offer for chip equipment unit NuFlare Technology Inc until Jan. 16.

The extension of the offer, from the originally set Dec. 25, was requested by NuFlare to give its shareholders enough time for consideration after Hoya Corp made a counter offer for NuFlare, Toshiba said.

NuFlare said in a separate statement that it will decide how to respond to Hoya’s offer after gauging Toshiba’s tender offer.

Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman

Products You May Like

Articles You May Like

IDF confirms ‘decline in forces’ in southern Gaza
Ukraine nuclear plant drone strike prompts warning over risks
Total solar eclipse plunges parts of Mexico into darkness
North America awed by total solar eclipse
MP targeted in Westminster honeytrap resigns party whip

Leave a Reply

Your email address will not be published. Required fields are marked *