Japan's JIC to start tender offer for JSR on March 19 after Chinese approval - Bloomberg News

JSR

14/03/2024 02:51

TOKYO, March 14 (Reuters) - Japanese state-backed fund
Japan Investment Corp (JIC) will start a tender offer for chip
materials maker JSR Corp's  4185.T  shares on March 19 after it
obtained Chinese regulators' approval, Bloomberg News reported
on Thursday.
    The tender offer was slated to begin at the end of last year
but JIC in December postponed it, citing a delay in a Chinese
antitrust review as the reason.
    JSR, a major maker of photoresists used in chipmaking,
announced last June it would be acquired by JIC, which is
overseen by Japan's industry ministry, in a $6.4 billion deal
aimed at driving consolidation within the sector.


 (Reporting by Kantaro Komiya; Editing by Kim Coghill)
 ((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))