Denso Corp. (DNZOY,6902.T, DNZOF), a manufacturer of automotive components, on Monday, said media reports regarding its acquisition proposal for ROHM Co., Ltd. (ROHCY,6963.T), a Japanese electronics and semiconductor manufacturer, which have not been announced by the company.
The company confirmed that its proposal to acquire shares in ROHM has not received the target's support.
Denso added that it is currently considering its options, including the possibility of withdrawing the proposal, but no decision has been made.
The company also said it will promptly disclose any material developments if required.
Denso is 0.99% higher at JPY 1,886.50 on the Tokyo Stock Exchange.
ROHM Co. is 9.46% lesser at JPY 3,409 on the Tokyo Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.