Seeking Alpha
 

Asahi Kasei Corp. ADR (AHKSY)

- OTCPK - Current
  • Mon, Feb. 23, 7:04 AM
    • Asahi Kasei (OTCPK:AHKSY) has agreed to buy Polypore's (NYSE:PPO) energy storage segment, as it seeks to expand in the energy and environment business.
    • Asahi Kasei will pay $60.50 per share in cash, a 14% premium to their $52.95 close on Friday, and representing an enterprise value of about $3.2B.
    • Immediately prior to Asahi Kasei’s purchase of Polypore, 3M (NYSE:MMM) will acquire the assets of Polypore’s separations media business for about $1B and Asahi Kasei will receive the cash proceeds from asset sale.
    • PPO +13.2% premarket
    | Mon, Feb. 23, 7:04 AM | Comment!
Visit Seeking Alpha's
AHKSY vs. ETF Alternatives
Company Description
Asahi Kasei Corporation, with consolidated sales of $10 billion, provides innovative solutions based in chemistry and materials science to a diverse range of markets including fibers, chemicals, consumer products, housing, construction, electronics, and health care. On October 1, 2003, all core... More