Mitsubishi Chemical to Acquire Mitsubishi Rayon

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?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers