Tue Dec 10 09:40:00 UTC 2024: ## Oasis Management Increases NEC Networks Stake Amid NEC’s Takeover Bid

**Tokyo, December 10** – Hong Kong-based investment fund Oasis Management revealed today that its stake in NEC Networks & System Integration (NEC NetSI) has increased to 13.12% as of December 6th. The filing with the Kanto Local Finance Bureau represents a rise from its previously reported holding of 11.68%.

This announcement comes as NEC, the parent company, is pursuing a tender offer (TOB) to privatize NEC NetSI. While NEC NetSI shares had traded above the TOB price of ¥3250, NEC confirmed yesterday that it has no plans to revise the offer price. The TOB period runs from October 30th to December 11th. NEC NetSI closed at ¥3250 today.

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