Brief: JSR: Japan Investment Corp To Launch Tender Offer For It For 4,350 Yen A Share

JSR

26/06/2023 09:10

June 26 (Reuters) - JSR Corp  4185.T :
    * BOARD AGREED FOR COMPANY TO BE BOUGHT BY STATE-BACKED
JAPAN
INVESTMENT CORP
    * JIC TO LAUNCH TENDER OFFER FOR IT
    * JIC TO OFFER 4,350 YEN PER SHARE
    * JIC TO SPEND ABOUT 903.9 BILLION YEN ($6.32 billion)
    * MIZUHO BANK TO PROVIDE FINANCING
    * JIC TO LAUNCH TENDER OFFER TOWARDS END OF DECEMBER
    * DEVELOPMENT BANK OF JAPAN TO ALSO JOIN FINANCING THE DEAL

Further company coverage:  4185.T 
($1 = 143.1200 yen)