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Kyocera offers to buy remaining AVX shares for $19.50 each

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AVX Corp. (NYSE:AVX) +35.7% pre-market after Kyocera (OTCPK:KYOCF) announces a proposal to acquire the 28% of the company’s outstanding shares it does not already own for $19.50/share in cash.

The offer represents a 29.7% premium over yesterday’s AVX closing price.

Source: M A News on Seeking Alpha