Brother to stop pursuit of wide format company

Art PostAdmin VIP

Brother to stop pursuit of wide format company

Announced it would not increase its hostile offer of 5,200 yen per share to acquire Roland DG Corp, a wide format color inkjet printer manufacturer

Claims it has had “challenging negotiations with Roland DG’s board”
Feels that company has “not engaged in good faith”
Alleges “breaches of confidentiality and misleading statements”
Roland DG announced it agreed to be acquired by Taiyo Pacific Partners for 5370 yen per share

5/21/249:03 PM

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Brother to stop pursuit of wide format company

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