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Mitsubishi Chemical Holdings Corp to acquire shares of TAIYO NIPPON SANSO CORP through tender offer

Tuesday, 13 May 2014 02:00am EDT 

Mitsubishi Chemical Holdings Corp:To acquire up to 104,079,476 shares of TAIYO NIPPON SANSO CORP at the price of 1,030 yen per share through tender offer.Set 99,748,549 shares as minimum number of shares to be purchased in tender offer.Holds 116,797,870 shares of TAIYO NIPPON SANSO ( holding ratio of 26.97 pct), including those held indirectly through Mitsubishi Chemical prior to the offer.To hold 51 pct stake in TAIYO NIPPON SANSO after tender offer, together with Mitsubishi Chemical.Acquisition expected to be started since early November.Says TAIYO NIPPON SANSO CORP will continue listing on Tokyo Stock Exchange after acquisition. 

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