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Sumitomo Chemical Co Ltd to acquire stake in South Korea-based company from Samsung Electronics Co Ltd


Friday, 29 Nov 2013 01:00am EST 

Sumitomo Chemical Co Ltd and Samsung Electronics Co Ltd:Says Sumitomo Chemical Co Ltd to acquire 30.1 percent stake in a South Korea-based company engaged in sapphire board business, from Samsung Electronics Co Ltd.Says Sumitomo Chemical to increase stake in the target company from 50.0 percent (11,000,000 shares) to 80.1 pct (17,622,000 shares).Says transaction price is confidential.Says transaction to be complete on Dec. 6. 

Company Quote

737.0
-2.0 -0.27%
12:57am EDT