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Motorola Completes Tender Offer for Yaesu’s Parent Company

On Wednesday, January 16, Motorola, Inc announced that its subsidiary, MI, Inc, has successfully completed its tender offer to acquire a controlling interest in Vertex Standard, parent company of Yaesu. The tender offer period expired on January 15 with approximately 5.4 million shares tendered and accepted. On November 5, 2007, Motorola launched the tender offer, in cooperation with Tokogiken (a privately held Japanese company controlled by Vertex Standard’s president and CEO Jun Hasegawa) with the intention of forming a joint venture to develop and sell Vertex Standard products and develop select Motorola products. All regulatory clearances required for the completion of the transaction have been obtained.

http://www.arrl.org/news/stories/2008/01/17/100/?nc=1

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