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Business

Activist fund ushers in a new era of Japanese M&A

Tug-of-war between KKR and Elliott shook tender offer for Hitachi Kokusai

KKR's final tender offer for Hitachi's chip-making equipment subsidiary is considerably higher than originally planned.

TOKYO -- After several twists and turns, U.S. investment fund KKR has managed to successfully complete its tender offer for Hitachi Kokusai Electric, a chip-making equipment subsidiary of Japanese conglomerate Hitachi.

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