| 1) |
Fields related to the research & development and production of small diesel engines |
| 2) |
Joint research & development of emission-control technologies and emission-control devices for diesel engines |
| 3) |
Environmental technologies, including basic engine and other technologies and technologies related to alternative fuels |
To bring such efforts to materialization, Isuzu will assume the main role in 1) and 2) above, while TMC will assume the main role in 3).
Isuzu and TMC have come to view that, while they respect each other's independency in management, each side could prosper further by strengthening their business relationship, as global competition intensifies.
To enable this business collaboration to move forward smoothly, TMC decided today to purchase Isuzu shares as follows:
Contents of share purchase: |
| |
· Parties TMC will purchase from: |
Mitsubishi Corporation
ITOCHU Corporation |
| |
· Number of shares TMC will purchase: |
100,000,000 shares
(60 million from Mitsubishi Corporation;
40 million from ITOCHU Corporation) |
| |
· Ratio of shares to be owned by TMC: |
5.9% (expected if all Isuzu Class I preferred stocks involved are converted to common stocks) |
| |
· Planned shares settlement day: |
November 10, 2006 |
