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Mitsubishi Electric Corp. ADR (MIELY)

- OTCPK - Current
  • Aug. 29, 2012, 2:39 AM
    KKR (KKR) is reportedly in negotiations to invest about ¥100B ($1.3B) in Renesas (RNECY.PK) in a deal that would give the U.S. P-E firm a controlling stake in the unprofitable Japanese chipmaker, which is owned by NEC, Hitachi and Mitsubishi Electric. The speculation sent Renesas' shares surging 35% in Tokyo.
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Company Description
Mitsubishi Electric Corp. is engaged in the manufacture and sale of electric machinery.
Industry: Appliances
Country: Japan