Brief: Nitto Boseki to acquire 50.1 pct stake in Taiwan-based firm Baotek Industrial Materials
26/04/2018 10:16
April 26 (Reuters) - Nitto Boseki Co Ltd 3110.T
* Says it plans to offer a takeover bid for 35.2 percent
stake (no
less than 61.4 million shares and no more than 68.6 million
shares) of Baotek Industrial Materials Ltd 5340.TWO , at the
price of T$11 per share
* Says offering period from April 30 to June 14
* Says it plans to acquire 29 million shares (14.9 percent
stake)
of Baotek Industrial Materials from an investment firm on June
26, at the price of T$11 per share (T$319 million in total)
Source text in Japanese: https://goo.gl/ccpvKJ
Further company coverage: 3110.T 5340.TWO
(Beijing Headline News)
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