Mitsubishi Gas Chemical Company, Inc. made a takeover bid to acquire an additional 8.94% stake in JSP Corp. for ¥7.5 billion.
February 03, 2015
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Mitsubishi Gas Chemical Company, Inc. (TSE:4182) made a takeover bid to acquire an additional 8.94% stake in JSP Corp. (TSE:7942) for ¥7.5 billion on February 4, 2015. Mitsubishi Gas Chemical offered a takeover bid for up to 2.81 million shares or no less than 2.53 million shares and the offer per share is ¥2686. The offer period is from February 5, 2015 to March 9, 2015. Settlement starts on March 16, 2015. Mitsubishi Gas Chemical Co Inc. currently holds 13.21 million shares of JSP Corp representing 44.32% stake. As on February 18, 2015, Federal Trade Commission approved the transaction. Board of Directors of Mitsubishi Gas Chemical Company, Inc. made a resolution in favor of the transaction on February 4, 2015.
Nomura Securities Co., Ltd., Deloitte Tohmatsu Financial Advisory Co., Ltd. provided share value calculations for Mitsubishi Gas and JSP and KPMG FAS Co., Ltd. provided share value calculations for the shares of JSP and acted as financial advisor for JSP. Nomura Securities Co., Ltd acted as settlement agent. Mori Hamada & Matsumoto Law acted as legal advisor for JSP.
MITSUBISHI GAS CHEMICAL COMPANY, INC. is a Japan-based chemical company. The Company operates in five business segments. The Natural Gas-related Chemicals segment manufactures and sells methanol, ammonia, amine products, methacrylic acid products, multiple alcohol, enzyme and crude. The Aromatic-related Chemicals segment manufactures and sells xylene isomer and xylene derivatives. The Functional Chemicals segment manufactures and sells industrial inorganic chemicals, electronic chemicals and engineering plastics. The Specialty Functional Materials segment manufactures and sells materials for printed circuit boards (PCBs), printed boards and deacidification agents. The Others segment is engaged in the real estate business.
MITSUBISHI GAS CHEMICAL COMPANY, INC. 
