Tele Pause & Kasuga Electric Works Ltd | Update Date: 11/14/08 |
| Date Announced: 08/15/08 |
Value (million $USD): 0.7 million U.S. Dollar 80.5 million Japanese Yen |
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| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 08/15/08 | | |
| Date Originally Announced | 08/15/08 | | |
| Format | Merger | Acquisition techniques | Stock Swap |
| Attitude | Friendly | Agency | n/a |
| Value | 0.7 million U.S. Dollar 80.5 million Japanese Yen | Advisor Fees | n/a |
| SYNOPSIS |
| JAPAN - Kasuga Electric Works Ltd (KEW) acquired the entire share capital of Tele Pause, a developer and wholesaler of cellular phone deterrent equipment, in exchange for KEW 250,000 ordinary shares, comprised of 161,197 newly issued ordinary shares and 88,803 outstanding ordinary shares, valued at 50.5 mil Japanese yen ($ 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 |
| Name | Tele Pause |
| Industries | n/a |
| City | Tokyo |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Private |
| Business Description | Tele Pause, located in Tokyo, Japan, develops and wholesales cellular phone deterrent equipment. |
| Advisors | NULL |
| Target Sales | n/a |
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| ACQUIROR |
| Name | Kasuga Electric Works Ltd (Tokyo 2 : 6650) |
| Industries | Motors and generators; Electronic components, nec |
| City | Mitaka-Shi, Tokyo |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Kasuga 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. |
| Advisors | NULL |
| Acquiror Sales | n/a |
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