ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

The completion of the tender offer on Friday came after KKR raised its offer price for Hitachi Kokusai twice following its first approach in April, in response to pressure from Elliott Management, the U.S. hedge fund and activist investor.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more