TOKYO -- Fujitsu will sell Tokyo-listed semiconductor packaging unit Shinko Electric Industries to a consortium led by Japan Investment Corp., the company said Tuesday, shedding another noncore unit in a 700 billion yen ($4.8 billion) deal.
The consortium, which also includes Dai Nippon Printing and Mitsui Chemicals, plans to launch a tender offer for the shares not held by Fujitsu in late August after regulators approve the acquisition. It will pay 5,920 yen per share, a 13% premium from Monday's closing price.
