Japanese oven maker to acquire Fujitsu General for $1.6 billion.

Paloma Rheem Holdings plans to acquire Fujitsu General for up to ¥257 billion, offering a 24% premium to shareholders.

A little-known Japanese maker, Paloma Rheem Holdings, is eyeing Fujitsu General with a **¥257 billion** ($1.6 billion) offer for their air-conditioner unit. They’re ready to pay **¥2,808 a share**, which is a 24% premium over Monday's close. In addition, Fujitsu plans to sell its stake for about **¥92 billion**.

This isn’t just business; it’s Fujitsu's shift from a diverse portfolio that once included laptops and appliances to a focus on communications and IT systems. They’re looking to quickly offload their stake as part of dumping non-core operations. Buckle up, this deal's about to get interesting!

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