Hitachi to Commence Tender Offer for Hitachi Koki Shares.

Business Wire | January 14, 2009 | Copyright

Plans to Make Hitachi Koki a Consolidated Subsidiary to Build a Stable Equity-Based Relationship and Strengthen Cooperation

TOKYO -- Hitachi, Ltd. (NYSE:HIT)(TOKYO:6501) today announced that it has decided to purchase additional common shares of Hitachi Koki Co., Ltd. (TOKYO:6581) by way of a public tender offer (hereinafter "Tender Offer") to obtain a majority of voting rights. Due to the fact that the plans call for Hitachi Koki to remain listed even after completion of the Tender Offer, Hitachi has set upper limits for number of purchasing shares.

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