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Murata partners with Ubiquitous

Murata Manufacturing Co., Ltd. plans to establish a capital and business alliance with Ubiquitous Corporation and the subscription to a third-party allocation of treasury shares by Ubiquitous.

The two companies will jointly implement the following initiatives in relation to their near-field communication-related products and services: - Joint proposals and sales promotion activities directed towards mutual customers and potential customers; and - Joint survey and examination of technological and market trends, etc. With December 28, 2012 as the appointed date for payment, Murata will acquire 2'020 treasury shares (constituting 2.32% of the company's total issued shares) from Ubiquitous by third-party allocation, at a price of 51'200 yen per share (representing a total price of approximately 103'424'000 yen) .

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March 28 2024 10:16 am V22.4.20-1
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