Japan’s JIC to start tender offer for JSR on March 19 after Chinese approval – Bloomberg News
FILE PHOTO: Japan Investment Corporation’s logo is pictured at its headquarters in Tokyo, Japan, June 26, 2023. REUTERS/Kim Kyung-Hoon/File Photo
4185
+0.79%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
TOKYO (Reuters) – Japanese state-backed fund Japan Investment Corp (JIC) will start a tender offer for chip materials maker JSR Corp’s 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.
