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Japan's Kuroda Electric now in MBK Partners' hands

Asian investment fund to rehabilitate LCD products trader

TOKYO -- Struggling electronics parts trader Kuroda Electric on Saturday announced that Asian investment fund MBK Partners is its new parent company, after a successful tender offer closed the day before.

Investors put up 25.7 million shares, or 68% of the Japanese company's outstanding common shares, exceeding the minimum 18.9 million shares targeted by MBK.

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