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Brother bids for Roland DG

  • Brother Industries Ltd plans hostile takeover of Roland DG
  • Venture capital firm Taiyo Pacific Partners establishes XYZ Corporation to approach Roland DG
  • Taiyo Pacific Partners owns 19.41% of Roland DG's shares
  • Brother Industries Ltd, with history in sewing machines, aimed to acquire Roland DG
  • Joint development project for inkjet printers initiated in December 2019
  • Brother's offer to acquire all Roland DG shares rejected
  • Brother makes renewed offer of ¥5200 per share
  • Brother aims to de-list Roland DG and maintain current management structure
  • Brother plans to finance the offer through own funds and borrowings
  • Roland DG aims to transform product mix with direct to object printers
  • Taiyo Pacific Partners has history of successful de-listing and relisting companies
  • read more here

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