Japan's listed companies' press release portal website
2012-08-01
In regards to Tsubakimoto Chain Co.'s (hereafter, "Tsubaki") acquisition of the Mayfran Group (Cleveland, Ohio, USA) that was announced on July 20, 2012, the acquisition price has been determined and the details of which are listed below.
85 million US dollars
August 31 Closing (transfer date of shares, etc.)
The date of closing may change depending on the timing of obtaining required regulatory approvals and other factors.
As noted in the July 20, 2012 press release, the impact of the Transaction on Tsubaki's consolidated financial performance for the current fiscal year (Apr '12 - Mar '13) is currently being reviewed, and Tsubaki intends to make appropriate disclosure in accordance with the rules of the Tokyo Stock Exchange once the details have been determined.
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