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Mitsubishi Chemical to Launch Tender Offer for Mitsubishi Rayon

3:18 AM MST | February 16, 2010 | Deepti Ramesh

Mitsubishi Chemical says that it will commence the previously announced tender offer to acquire Mitsubishi Rayon. Mitsubishi Chemical says it will offer ¥380/share and the tender offer period will be from February 17-March 19. The offer values Mitsubishi Rayon at nearly $2.5 billion. The tender offer period could be extended. Mitsubishi Chemical first announced its plans to acquire Mitsubishi Rayon through a tender offer in November...

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