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February 15, 2017
Murata Manufacturing Co., Ltd.
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.