Kemet Corporation (KEM) Misses Q4 EPS by 3c; NEC TOKIN Joint Venture Reaches Class Action Settlement

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Go back to Kemet Corporation (KEM) Misses Q4 EPS by 3c; NEC TOKIN Joint Venture Reaches Class Action Settlement

KEMET Announces Class Action Settlement Agreement Reached by NEC TOKIN; Acquisition of NEC TOKIN Now One Step Closer

May 3, 2016 8:10 AM EDT

GREENVILLE, SC -- (Marketwired) -- 05/03/16 -- KEMET Corporation (NYSE: KEM) ("KEMET"), a leading global supplier of electronic components, today announced that NEC TOKIN Corporation, a joint venture between KEMET Electronics Corporation and NEC Corporation, reached a preliminary settlement with plaintiffs in two related U.S. antitrust class action suits.

"A significant hurdle to our acquisition of NEC TOKIN has been cleared," stated Per Loof, KEMET's Chief Executive Officer. "This settlement helps to open a path for... More