Japan state-backed fund to launch tender offer for JSR shares on March 19 (updated)

JSR

18/03/2024 07:51

(Adds details on Chinese regulatory process)
       TOKYO, March 18 (Reuters) - Japanese chip materials
maker JSR  4185.T  said on Monday that state-backed fund JIC
would launch a tender offer for its shares on March 19 as it no
longer requires approval from Chinese regulators. 
    The tender offer was slated to begin at the end of last year
but JIC in December postponed it to late February at the
earliest, citing a delay in a Chinese antitrust review as the
reason.
        However in January, China revised upwards the threshold
for requiring prior notification, clearing the way for JIC to
launch its bid for JSR. JSR is a major maker of photoresists
used in chipmaking. 
 

 (Reporting by Sam Nussey; Editing by Jacqueline Wong and Edwina
Gibbs)
 ((sam.nussey@tr.com;))