in this issue
Chemical Week Magazine :: Top of the Week
Mitsubishi Chemical to Acquire Mitsubishi Rayon
1:31 PM MST | December 1, 2009 | Natasha Alperowicz
Mitsubishi Chemical Holdings (MCH), Japan’s largest chemical group, says it will launch a tender offer to buy Mitsubishi Rayon at the beginning of February 2010 and plans to complete the acquisition by the end of March 2010. MCH is offering ¥380/share, valuing the deal at ¥220 billion ($2.5 billion). The acquisition will create a giant with proforma 2008 sales of ¥3.606 trillion ($40.2 billion). It will propel MCH from 14th place, to 11th, in CW’s global ranking of chemical companies by sales (CW, Oct. 12/19, p. 23). Merging MCH and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee