Daikin Concludes Share Offer for O.Y.L. Industries

Daikin Industries, Ltd., Carrollton, TX, reports it has concluded its Mandatory General Offer for shares in Malaysia-based O.Y.L Industries BHD.
As a result of its transactions terminated on November 10, 2006, Daikin Industries, Ltd. has acquired about 99.3% of OYL shares.
In regard to shares without applications to the acceptance form, Daikin intends to begin procedures for compulsory acquisition (Under Article 34 of the Malaysian Securities Commission Act) within one month from October 26, 2006 (the day Daikin officially acquired over 90% of the remaining shares in its Mandatory General Offer).
OYL is a global company operating in the HVAC and commercial-use air filtration business.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish