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Stock Market & Financial Investment News

News Breaks
January 2, 2013
08:12 EDTKEMKemet receives clearance on acquisition of 34% interest in NEC Tokin
KEMET announced that its wholly-owned subsidiary, KEMET Electronics Corporation received regulatory clearance from the Anti-monopoly Bureau of the Ministry of Commerce of the People's Republic of China for KEC's proposed acquisition of a 34% interest in NEC Tokin. As previously announced, KEC entered into a definitive agreement to acquire this interest for $50M. All required governmental approvals to complete the transaction have now been obtained. The closing of the transaction is scheduled to occur on February 1 and remains subject to satisfaction or waiver of customary closing conditions.
News For KEM From The Last 14 Days
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September 22, 2014
09:04 EDTKEMKemet confirms Q2 revenue $206M-$212M, consensus $208.74M
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