REFILE-Japan's Mitsubishi Chemical launches offer for Taiyo Nippon

Tue May 13, 2014 2:34am EDT

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TOKYO May 13 (Reuters) - Japan's Mitsubishi Chemical Holdings Corp will make a tender offer for a majority stake in industrial gas provider Taiyo Nippon Sanso, according to a statement issued through the Tokyo Stock Exchange.

Japan's biggest chemical company said it is seeking to increase its stake in Taiyo Nippon to 51 percent from 27 percent and is offering 1,030 yen per share, a 16 percent premium to the closing price on Tuesday. (Reporting by Aaron Sheldrick; Editing by Richard Pullin)