(Reuters) - TOKYO, July 11 - U.S. investment fund Perry Capital
has joined a growing list of foreign shareholders pressuring weak
Japanese firms, by offering to buy a further 25 percent stake in
ailing chip maker NEC Electronics Corp. for $1.25
billion.
Perry Capital has told NEC Electronics and its parent, NEC
Corp. , it is willing to buy 30.87 million shares in NEC
Electronics for about 154 billion yen , or 5,000
yen a share, a source close to the matter said on Wednesday.
Read more at Reuters.com Market News
has joined a growing list of foreign shareholders pressuring weak
Japanese firms, by offering to buy a further 25 percent stake in
ailing chip maker NEC Electronics Corp. for $1.25
billion.
Perry Capital has told NEC Electronics and its parent, NEC
Corp. , it is willing to buy 30.87 million shares in NEC
Electronics for about 154 billion yen , or 5,000
yen a share, a source close to the matter said on Wednesday.
Read more at Reuters.com Market News
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