
Chuetsu Pulp & Paper is set to dole out $544 million for Mitsubishi Paper Mills Ltd, a company more than twice its …
Chuetsu Pulp & Paper is set to dole out $544 million for Mitsubishi Paper Mills Ltd, a company more than twice its size. The two enterprises anticipate the transaction will lead to a cut in production, pulp, sales, distribution and operation costs of 5 billion yen per year.
Chuetsu will pay 0.555 a share for each share of Mitsubishi Paper, and the two companies will officially combine operations on October 1st. Chuetsu will issue 180.7 million new shares to finance the purchase.
Advertisement
Print this page
Advertisement
Stories continue below
Related