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Mitsubishi Chemical to Buy Mitsubishi Rayon?

11:01 PM MDT | August 9, 2009 | Deepti Ramesh

Mitsubishi Chemical is in negotiations to acquire Mitsubishi Rayon for about $2.1 billion, say media reports. The two companies are likely to sign an agreement this autumn and complete the deal next year, reports add. Mitsubishi Chemical did not confirm its plans to acquire Mitsubishi Rayon, but says that, “it is true that we are making various examinations into mergers and acquisitions according to the group’s mid-term management plan, but we have nothing to disclose for the present. Mitsubishi Rayon recently completed the $1.6-billion acquisition of...

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