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EnviroTech :: Regulatory :: Regulatory: Legal

European Commission Approves Acquisition of Mitsubishi Rayon by Mitsubishi Chemical

3:34 AM MST | February 26, 2010 | Deepti Ramesh

The European Commission (EC) says it has cleared, under the EU Merger Regulation, the previously announced proposed acquisition of Mitsubishi Rayon by Mitsubishi Chemical. After examining the operation, the EC concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA). Earlier this month, Mitsubishi Chemical launched a tender offer to acquire Mitsubishi Rayon. Mitsubishi Chemical is offering ¥380/share and the tender offer period will be from February 17-March 19. The offer values Mitsubishi Rayon...

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