Aica Kogyo Co Ltd &
Aica Kogyo Co Ltd | Update Date: 12/18/08 |
| Date Announced: 11/05/08 |
Value (million $USD): 19.6 million U.S. Dollar
1.93 billion Japanese Yen |
|
| Status: Completed | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 11/05/08 | | |
| Date Originally Announced | 11/05/08 | | |
| Format | Buyback | Acquisition techniques | Open Market Purchase; Repurchase |
| Attitude | Not Appl. | Agency | n/a |
| Value | 19.6 million U.S. Dollar
1.93 billion Japanese Yen | Advisor Fees | n/a |
| SYNOPSIS |
|---|
| JAPAN - In December 2008, the board of Aica Kogyo Co Ltd (AK), a manufacturer of plastics material, completed the repurchase of 2.168 mil ordinary shares, or about 3.27% of the company's shares outstanding, in open market transactions. Based on AK's closing stock price of 888 Japanese yen ($ 9.06 US)cash on November 4, the last full trading day prior to the announcement of the board's approval, the buyback had an indicated value of 1.93 bil yen ($19.647 mil) in cash. |
| TARGET |
|---|
| Name | Aica Kogyo Co Ltd (Tokyo 1 : 4206) |
| Industries | Chemicals and chemical preparations, nec; Laminated plastics plate, sheet and profile shapes; Structural wood members, nec |
| City | Kiyosu-Shi, Aichi |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Aica Kogyo Co Ltd is based in Aichi, Japan. The Group's principal activity is to manufacture melamine boards, building materials and adhesives. The operations are carried out through the following divisions: Chemicals; Fancy boards; Housing equipment/building materials; Electronics and others. The Chemical division deals in tough walls, sanitary floors and adhesives. The Fancy boards division deals in melamine boards and decorative boards. The Housing equipment materials division takes care of doors, interior material and counters. The Electronics division deals in printing circuit boards and electronic system products. The other division mainly deals in preservatives. |
| Advisors | NULL |
| Target Sales | 864.4 million U.S. Dollar
91.69 billion Japanese Yen |
|
| ACQUIROR |
|---|
| Name | Aica Kogyo Co Ltd (Tokyo 1 : 4206) |
| Industries | Chemicals and chemical preparations, nec; Laminated plastics plate, sheet and profile shapes; Structural wood members, nec |
| City | Kiyosu-Shi, Aichi |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Aica Kogyo Co Ltd is based in Aichi, Japan. The Group's principal activity is to manufacture melamine boards, building materials and adhesives. The operations are carried out through the following divisions: Chemicals; Fancy boards; Housing equipment/building materials; Electronics and others. The Chemical division deals in tough walls, sanitary floors and adhesives. The Fancy boards division deals in melamine boards and decorative boards. The Housing equipment materials division takes care of doors, interior material and counters. The Electronics division deals in printing circuit boards and electronic system products. The other division mainly deals in preservatives. |
| Advisors | NULL |
| Acquiror Sales | n/a |
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