Mitsubishi Chem in talks to buy Mitsubishi Rayon-Nikkei

TOKYO Aug 10 (Reuters) - Japan's largest chemical firm Mitsubishi Chemical Holdings (4188.T) is in talks to acquire Mitsubishi Rayon 3404.T through a tender offer worth up to 200 billion yen ($2.1 billion), the Nikkei business daily reported on Monday.

The two companies, which do not have capital ties, are likely to agree on a deal as early as this autumn and plan to complete the acquisition spring next year, the Nikkei.

Mitsubishi Rayon is a manufacturer of acrylic resin.

A tender offer is expected to be worth 150-200 billion yen, and the combined entity will have annual revenue of 3.2 trillion yen, the paper said. ($1=97.64 Yen) (Reporting by Taiga Uranaka)