Conclusion of Absorption-type Merger Agreements and Determination of Effective Date of Absorption-Type Merger Related to Management Integration of Hitachi Automotive Systems,Ltd., KeihinCorporation, Showa Corporation and Nissin Kogyo Co., Ltd.

2020-11-18
As announced in the press release issued on October 30, 2019, Hitachi, Ltd. (TSE: 6501, “Hitachi”), Honda Motor Co., Ltd. (TSE: 7267, “Honda”), Hitachi Automotive Systems, Ltd. (“Hitachi Automotive Systems”), Keihin Corporation  (“Keihin”),  Showa  Corporation  (“Showa”),  and  Nissin  Kogyo  Co.,  Ltd. (“Nissin”)entered  into  the  basic  contract  regarding  a  management  integration(“the basic contract”)on October 30, 2019, to conduct the management integration through implementation of the absorption-type merger in which Hitachi Automotive Systems (a wholly-owned subsidiary of Hitachi) will be the surviving company, and Keihin, Showa and Nissin will be the disappearing companies after making Keihin, Showa and Nissin wholly-owned  subsidiaries  of  Honda  through  tender  offers  targeting  the  common shares of Keihin, Showa and Nissin.Hitachi,  Honda,  Hitachi  Automotive  Systems,  Keihin,  Showa  and  Nissin  today announced  that absorption-type merger agreementsbetween Hitachi Automotive Systems and Keihin, Hitachi Automotive Systems and Showa, and Hitachi Automotive Systems  and  Nissin,were respectivelyconcluded  todayaccording  to  the  basic contract, andthe effective date of absorption-type mergersweresettled on January 1, 2021.
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