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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs