UPDATE 1-Sumida offer for Saia-Burgess must wait - watchdog

Newswire

(Adds Saia-Burgess AGM delay para 5) ZURICH, July 28 (Reuters) - Japan's Sumida Corp cannot launch its tender offer for electrical components maker Saia-Burgess until Swiss regulators have made a final decision about the bid, the Swiss takeover commission said. Sumida, whose bid values Switzerland's Saia-Burgess at about 580 million Swiss francs ($447.9 million), had said Saia owners may tender their shares from August 5 to September 1. But the Japanese company had rejected one of the ...

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