OMRON Announces Spin-off of Automotive Electronic Components Business (Simple Corporate Split)
Source: : iStockAnalyst.com Press Feed
<ul><li>Following a resolution at a Board of Directors meeting held today, OMRON Corporation (TOKYO:6645)(ADR:OMRNY) announced that it will spin off its automotive electronic components business, currently being conducted by its Automotive Electronic Components Company, into a new company to be established through a corporate split.</li><li>Because OMRON plans to establish the new company independently, certain matters and items for disclosure have been omitted from the announcement.</li><li>Objectives of Spin-off</li><ul>[More...] Read More
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