vacon oyj (VAC1V:Helsinki)
Transactions by VACON OYJ (VAC1V) in the last 6 months
Vacon Oyj (HLSE:VAC1V) agreed to acquire frequency converter business from Kaukomarkkinat Oy on July 16, 2014. Vacon shall have all of the frequency converter business and its Poland based staff. The transaction is expected to close by September 1, 2014.
Yaskawa Electric Corp. (TSE:6506) signed a definitive agreement to acquire The Switch Engineering Oy from Vacon Oyj (HLSE:VAC1V), Power Fund I, L.P. managed by VNT Management Oy, Finnish Industry Investment Ltd and others in cash on July 1, 2014. The transaction is expected to complete in the beginning of third quarter of 2014. Lauri Peltola and Christoffer Waselius of Waselius & Wist acted as legal advisors for Yaskawa Electric Corp.
Power Fund I, L.P.
VNT Management Oy
Vacon Oyj (HLSE:VAC1V) announces a share repurchase program. Under the program, the company will repurchase up to 1,348,163 own shares, representing 8.81% of all its shares in the company, such that it doesn’t not exceed its holding in treasury to 10%. Own shares can be repurchased by the company at a price formed in public trading on the date of the repurchase or otherwise at a price formed on the market. The rules and guidelines of NASDAQ OMX Helsinki Oy and Euroclear ...
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