AVX Corporation (NYSE: AVX) (“AVX”) announced today the successful completion of its previously announced acquisition by Kyocera Corporation (“Kyocera”), following the completion of Kyocera’s tender offer to purchase any and all outstanding shares of AVX common stock that it did not already own. The tender offer expired one minute after 11:59 p.m. (New York City time) on March 27, 2020 and was not extended. As of the expiration of the tender offer, a total of 31,763,490.559 shares of AVX common stock were validly tendered and not validly withdrawn pursuant to the tender offer, representing approximately 67.0% of the outstanding shares of AVX common stock not already owned by Kyocera. In addition, “Notices of Guaranteed Delivery” have been delivered for 2,548,489 shares of AVX common stock, representing approximately 5.4% of the outstanding shares not already owned by Kyocera. All shares of AVX common stock that were validly tendered and not validly withdrawn have been accepted by Kyocera for payment in accordance with the terms of the tender offer.
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