Hoya announces counter-bid for Toshiba unit NuFlare for $1.36 bln [Reuters]
TOSHIBA CORP UNSP/ADR (TOSYY)
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Source: Reuters
Hoya announces counter-bid for Toshiba unit NuFlare for $1.36 billion TOKYO (Reuters) - Japan’s Hoya Corp ( 7741.T ) on Friday announced a counter-bid for Toshiba Corp’s ( 6502.T ) chip-making equipment maker NuFlare Technology ( 6256.T ), saying it would pay 147.7 billion yen ($1.36 billion) provided Toshiba’s tender offer is unsuccessful. Hoya said it would pay 12,900 yen per share, compared with Toshiba’s offering price of 11,900 yen. Toshiba owns 52.40% of NuFlare and has said it hopes to buy the rest of the company in a corporate restructuring.
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