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Tele Pause &
Kasuga Electric Works Ltd
Update Date: 11/14/08
Date Announced: 08/15/08
Value (million $USD): 0.7 million U.S. Dollar
80.5 million Japanese Yen
Status: Completed
TRANSACTION DETAILS
Date Announced08/15/08
Date Originally Announced08/15/08
FormatMergerAcquisition techniquesStock Swap
AttitudeFriendlyAgencyn/a
Value0.7 million U.S. Dollar
80.5 million Japanese Yen
Advisor Feesn/a
SYNOPSIS
JAPAN - Kasuga Electric Works Ltd (KEW) acquired the entire share capital of Tele Pause, a developer and wholesaler of cellular phone deterrent equipment, in exchange for KEW 250,000 ordinary shares, comprised of 161,197 newly issued ordinary shares and 88,803 outstanding ordinary shares, valued at 50.5 mil Japanese yen ($ 0.461 mil US), and 30 mil yen ($0.274 mil) in cash. The shares were valued based on KEW's closing stock price of 202 yen ($1.842) on August 18, the last full trading day prior to the announcement.
TARGET
NameTele Pause
Industriesn/a
CityTokyo
Staten/a
NationJapan
Incorporated inn/a
Public StatusPrivate
Business DescriptionTele Pause, located in Tokyo, Japan, develops and wholesales cellular phone deterrent equipment.
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameKasuga Electric Works Ltd (Tokyo 2 : 6650)
IndustriesMotors and generators; Electronic components, nec
CityMitaka-Shi, Tokyo
Staten/a
NationJapan
Incorporated inn/a
Public StatusPublic
Business DescriptionKasuga Electric Works Ltd, located in Tokyo, Japan, manufactures electrical equipments. The Group manufactures control equipments, switches, control boards, electronics-applied equipment-devices, measuring instruments and others. The operations are carried out through the following divisions: Switches, Control systems equipment, Electronics-applied equipment and devices, Measuring instruments and Control boards. The company was founded in 1945.
AdvisorsNULL
Acquiror Salesn/a
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