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Stock Market & Financial Investment News

News Breaks
January 7, 2013
10:41 EDTKEMKemet receives Chinese regulatory clearance to purchase NEC Tokin stake
KEMET Corporation 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 on March 12, 2012, KEC entered into a definitive agreement to acquire this interest for $50M. All required governmental approvals to complete the transaction have now been obtained and the closing of the transaction is scheduled to occur on February 1, subject to satisfaction or waiver of customary closing conditions, KEMET said.
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September 4, 2014
08:06 EDTKEMKemet and NEC sign amendment to option agreement
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