Seeking Alpha

Toray to buy Zoltek for $16.75 per share

  • As tipped Thursday, Toray Industries (TRYIF.PK) is set to acquire carbon fiber maker Zoltek (ZOLT), although the price is lower than some anticipated (the deal was originally reported to be for more than $610M).
  • The purchase price is $584M, which works out to around $16.75/share in cash — that's a 9% discount to Thursday's close.
  • ZOLT -9.8% premarket.
Comments (1)
  • Longboat
    , contributor
    Comments (11) | Send Message
    A steal at that price. Let's see how the stockholders vote on this rip-off.
    27 Sep 2013, 10:52 PM Reply Like
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