Seiko Instruments Inc. (SII) announced today that the definitive agreement regarding the share transfer of its wholly owned subsidiary SII NanoTechnology Inc. (SII NanoTech) to Hitachi High-Technologies Corporation (TSE:8036, Hitachi High-Tech) is expected to be concluded on December 26, 2012, with the consummation of the transfer set to take place on January 1, 2013. The conclusion of the share transfer agreement was postponed due to a continuing examination by the relevant agencies. On December 10, 2012, the relevant agencies notified Hitachi High-Tech that a cease and desist order against the contemplated transaction would not be issued.
For more details, please refer to the announcement released by SII’s parent company, Seiko Holdings Corporation (TSE: 8050).
Seiko Holdings Corporation IR News