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
Friday, Sep 272013, 7:50 AM
Friday, Sep 272013, 7:50 AM| 1 Comment
- 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.
Thursday, Sep 262013, 3:41 PM|Thursday, Sep 262013, 3:41 PM| 1 Comment