Japan Inc. picks up the M&A baton again Jan 7, 20
Post# of 22456
Jan 7, 2016
Hideo Takasaki, the chief executive of Nitto Denko, the world’s biggest maker of optical films used on Apple’s iPhone screens, is looking hard at a list of overseas targets brought to him by both bankers and his employees.
Nitto Denko , like many Japanese parts suppliers needs new applications and markets from cars to health care to reduce its reliance on smartphone sales. The company has a budget of Y150 billion ($1.2bn) for M&A and other investments to be completed by the 2017-18 financial year. “We want to buy speed so we are willing to pay a premium,” Takasaki says.
http://gulfnews.com/business/sectors/features...-1.1650228
.....Japan has a different outlook for acquisitions. I hope QMC maintains its independence for years to come.
QMC will become Quite the Money Maker and better than Cash in the bank, imo.