JIC reportedly plans to sell JSR to Mitsui Chemicals
Business · First reported 4 Nov, 00:42 · Updated 00:49
Japan Investment Corp plans to sell chip-materials maker JSR to Mitsui Chemicals in a deal that could exceed 1.3 trillion yen ($8.2 billion), according to people cited by CNA. Nikkei Asia also reports that Mitsui Chemicals will buy JSR for more than $8.2 billion.
- CNA reports that JIC plans to sell JSR to Mitsui Chemicals for a price that could exceed 1.3 trillion yen ($8.2 billion).
- CNA says a decision could come as soon as within the month; the two sources it cites were not identified.
- CNA reports that Mitsui Chemicals shares fell 13% after the report, while Nikkei Asia’s headline describes the transaction as a purchase worth over $8.2 billion.
Summary written by Lux AI from 2 articles
Key facts
- Proposed buyer
- Mitsui Chemicals
- Seller
- Japan Investment Corp (JIC)
- Target
- JSR, a chipmaking materials maker
- Reported deal value
- Could exceed 1.3 trillion yen ($8.20 billion), according to CNA; Nikkei Asia says over $8.2 billion
- Possible decision timing
- As soon as within the month, according to one source cited by CNA
- Share-price move
- Mitsui Chemicals shares fell 13% following the report, according to CNA
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- Corporation 50% (1)
- Government 50% (1)
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