Common Contracts
1 similar null contracts
Share purchase agreement for Hitachi Tool Engineering, Ltd.September 30th, 2014
Mitsubishi Materials Corporation (President: Hiroshi Yao; hereinafter referred to as “Mitsubishi Materials”) hereby announces that on September 26, 2014, Mitsubishi Materials and Hitachi Metals, Ltd. (Chairman and CEO: Kazuyuki Konishi; hereinafter referred to as “Hitachi Metals”) consummated a share purchase contract and agreed to a transaction in which Mitsubishi Materials will acquire 51% of the issued shares (hereinafter referred to as “the Transaction”) in Hitachi Tool Engineering, Ltd. (hereinafter referred to as “Hitachi Tool”), a wholly-owned subsidiary of Hitachi Metals. The transaction is intended to strengthen the base of the cemented carbide products (cutting tools) business at Mitsubishi Materials and Hitachi Metals.
