Murata Manufacturing Co., Ltd. ("Murata") and Sony Corporation ("Sony") previously announced on October 31, 2016 in the press release entitled “Murata Manufacturing and Sony Sign Definitive Agreement for the Transfer of Battery Business” that Murata and Sony were aiming to complete the transfer of the battery business by early April 2017, subject to required regulatory approvals and other conditions.
While Murata and Sony are continuing the necessary procedures to complete the transfer, in light of the current review status of the required regulatory approvals, Murata and Sony today announced that they now aim to complete the transfer by early July 2017. The rescheduled target closing date remains subject to the receipt of the required regulatory approvals and other conditions.
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Corporate Communications, Murata Manufacturing Co., Ltd
Corporate Communications & CSR Department, Sony Corporation
Murata in Brief
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com