Sep. 27, 2013, 7:50 AM
- 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.
Sep. 26, 2013, 3:41 PM| Sep. 26, 2013, 3:41 PM | 1 Comment
Toray Group fuses nanotechnology into its operations, using organic synthetic chemistry, polymer chemistry and biotechnology as its core technologies. In addition to the Foundation Businesses of fibers & textiles and plastics & chemicals, Toray likewise promotes the global development of... More
Sector: Industrial Goods
Industry: Chemicals - Major Diversified