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Reuters reported AVX Corporation (NYSE:AVX) has agreed to purchase the tantalum division of Nichicon Corporation for approximately $86 million.
Reuters reported AVX Corporation (NYSE:AVX) has agreed to purchase the tantalum division of Nichicon Corporation for approximately $86 million.
As quoted in the market news:
The all-cash purchase comprises Nichicon’s tantalum component manufacturing subsidiaries located in Shiga, Japan and Tianjin, China. The annual component sales of the Division approximate $75 million.