B · Normal
[Mitsui Chemicals and Japan Investment Bank to acquire chip materials company JSR for US$12 billion] On November 9, a document showed that Japan's Mitsui Chemicals Inc. will acquire JSR Corporation for 1.84 trillion yen ($12 billion) with the assistance of Japan Investment Bank (DBJ). The document stated that Mitsui Chemicals and the Japan Investment Bank will acquire all shares of JSR from the Japan Industrial Innovation and Investment Corporation (JIC). The Bank of Japan will pay 200 billion yen in cash to acquire some of the shares, which will then be converted into non-voting preferred shares.
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