Tokyo, October 26, 2018 --- Hitachi, Ltd. (TSE: 6501, “Hitachi”) today announced that it has executed a tender offer agreement (the “Agreement”) with Hennape Six SAS (the “Offeror”), a subsidiary of Faurecia S.A. (“Faurecia”), and Faurecia under which Hitachi agrees to tender all shares of common stock in Clarion Co., Ltd. (TSE: 6796, “Clarion”) held by Hitachi, in response to a tender offer (the “Tender Offer”) to be carried out by the Offeror for the shares of common stock of Clarion, a consolidated subsidiary of Hitachi.
