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American private equity firm buys JVC

March 19th, 2007 · No Comments

According to reports in the Japanese press, ailing consumer electronics company JVC has been sold to American private equity firm TPG. Matsushita has yet to release details of the sale, but it’s expected that TPG will receive all of Matsushita’s shares, giving it 52.4 per cent of JVC.
TPG’s bid is estimated to have been 50 yen per share higher than its nearest rival,  Cerberus Capital Management.

Tags: Miscellaneous items · Trade

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