TOKYO — Mitsubishi Electric Corp., following the acquisition of approximately 74.97 percent of the shares of DeLclima S.p.A. from De’Longhi Industrial S.A. on Dec. 23, 2015, launched a mandatory tender offer to acquire the remaining shares. Consequently, Mitsubishi Electric has completed its acquisition of all the remaining shares representing approximately 25.03 percent of the share capital and achieved 100 percent ownership of DeLclima.
The total purchase price in relation to the acquisition of approximately 74.97 percent of the share capital of DeLclima from De’Longhi Industrial was €508 million, with a per-share price of €4.5271. The total consideration in relation to the mandatory tender offer was approximately €170 million, with a per-share price of €4.5271. As a result, the overall purchase price for 100 percent of DeLclima’s shares amounted to approximately €677 million.