Tuesday, July 10, 2007

Perry Capital offers to buy stake in NEC Elec -paper

(Reuters) - The U.S. investment firm told NEC late on Tuesday it was
willing to buy 30.87 million shares in NEC Electronics for about
154 billion yen , or 5,000 yen a share, according
to the newspaper.




That would be a 65 percent premium on NEC Electronics'
average share price over the past three months, the Nikkei said.


Read more at Reuters.com Market News

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