BEL Owns 5.0% of Toko, Inc. Shares.JERSEY CITY, N.J. -- BEL FUSE INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (Nasdaq:BELFA) & (Nasdaq:BELFB) today announced that Bel's 100% subsidiary Bel Ventures Inc. has acquired 4,900,000 shares of stock of Toko, Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :6801), corresponding to 5.0% of Toko's total outstanding shares, and that Bel therefore has submitted the legally required substantial share holdings report to the Kanto Local Finance Bureau. The acquisition of Toko stock was conducted through market purchases. Bel has presented to Toko's management ways to combine the respective strengths of the two companies. These conversations commenced approximately six months ago, after Bel acquired over 4% of Toko's outstanding stock. Bel is hopeful that the two companies will resume their discussions to determine how best to maximize shareholder value for both companies. Bel will review its various strategic options before it determines how best to move forward. About Toko Toko (6801 JP; head office, Tokyo) (www.toko.co.jp/top/en) develops, manufactures and sells power supply-related and high frequency components applied in diverse areas such as information communications equipment, audiovisual equipment, flat panel displays A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time , digital cameras, PCs, and mobile phones. Toko's products include voltage regulators An electronic circuit used to maintain a level amount of voltage in an electrical line. It eliminates power surges, spikes and brownouts, which can cause harm to sensitive electronics. A voltage regulator "module" (VRM) is a voltage regulator in a replaceable unit. See surge suppression and UPS. , choke coils, inductors, inverters and converters, white LED drivers, LC and other filters interface modules, and wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area modules. About Bel Bel (www.belfuse.com) and its subsidiaries are primarily engaged in the design, manufacture and sale of products used in networking, telecommunications, high speed data transmission, and consumer electronics. Products include magnetics (discrete components, power transformers and MagJack(R)s), modules (DC-DC DC-DC Direct Current to Direct Current (power conversion) converters, integrated analog front end modules and custom designs), circuit protection (miniature, micro and surface mount fuses) and interconnect devices (passive jacks, plugs and cable assemblies). Bel operates facilities around the world. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Except for historical information contained in this news release, the matters discussed (including the statements regarding the Company's potential future discussions with Toko and strategic options) are forward looking statements that involve risks and uncertainties, including risks associated with the regulatory and trade environment; uncertainties associated with legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. ; difficulties associated with predicting Toko's responses to the Company's proposals; and the risk factors detailed from time to time in the Company's SEC reports. In light of the risks and uncertainties, actual results could differ materially from our forward-looking statements. We undertake no obligation to update or revise any forward-looking statements. |
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