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FURUKAWA CO LTD Sells Shares in Tohpe Corp

Thursday, 21 Mar 2013 11:00pm EDT 

FURUKAWA CO LTD announced that it has sold all the 16,479,764 shares (a 53.16% stake) in Tohpe Corp, through a takeover bid launched by Zeon Corp, for JPY 125 per share (JPY 2,059,970,500 in total) on March 21, 2013. As a result, Tohpe Corp will no longer be a subsidiary of FURUKAWA CO LTD, effective March 27, 2013. 

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3.0 +1.46%
7:16pm EST