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Aisin Seiki closes deal to acquire 87.36% of SHIROKI

Aisin Seiki Co. Ltd. on March 29 closed its deal to acquire 87.36% of SHIROKI Corp. for a transaction value of ¥47.60 billion (US$419.6 million).

The company offered ¥326.34 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Nishimura & Asahi was the legal adviser for Aisin Seiki.

Anderson Mori & Tomotsune LPC was the legal adviser for SHIROKI.