The U.S. and Japanese funds together aim to acquire all Hitachi Kokusai shares through a tender offer estimated to exceed 200 billion yen ($1.8 billion). The open-market takeover will begin as soon as next month, with Hitachi Kokusai slated for delisting. Hitachi will sell its entire 50%-plus stake.
Hitachi selling chipmaking device unit to KKR, Japan fund
Hitachi Kokusai Electric seen fetching more than $1.8bn