June 24 - State-backed Japan Investment Corp is in talks to buy the country's top chipmaker, JSR CorpThe fund aims to make a tender offer as early as this year after clearing the buyout with domestic and foreign antitrust authorities, the report said. The newspaper did not cite a source for its information.
If the deal goes through, JSR would delist from the Tokyo Stock Exchange as soon as 2024, according to Nikkei. JSR, set up in 1957 as a government-backed synthetic rubber maker, now supplies photoresists to global chipmakers. They are used to transfer circuit patterns onto semiconductor wafers. To purchase JSR, JIC intends to establish a new company with 500 billion yen in capital, while Mizuho Bank, a part of Mizuho Financial GroupThe fund plans to raise 100 billion yen via preferred shares and subordinated loans underwritten by various banks, the newspaper said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan Investment Corp in $7 billion deal talks with chipmaker JSR, Nikkei reportsState-backed Japan Investment Corp is in talks to buy the country's top chipmaker, JSR Corp , for about 1 trillion yen ($6.96 billion), the Nikkei reported on Saturday.
Source: Reuters - 🏆 2. / 97 Read more »
Banyan Acquisition Corp. combining with Pinstripes in SPAC restaurant deal valued at $520 mlnBanyan Acquisition Corp. said Friday it agreed to combine with restaurant company Pinstripes in a deal that values the combined company at $520 million....
Source: MarketWatch - 🏆 3. / 97 Read more »
Netflix CEO says $2.5 bln Korean investment won't exploit local talentNetflix co-CEO Ted Sarandos pledged on Thursday that its bumper investment in South Korean content would not bypass young local talent, after calls by some lawmakers for the streaming giant to share more profits with creators.
Source: Reuters - 🏆 2. / 97 Read more »
How Poland snagged Intel's multi-billion dollar investmentPoland's third-largest city Wroclaw beat rivals to be home to the next multi-billion dollar Intel chip factory in Europe, with a two-year campaign promising subsidies, infrastructure, talent and a slice of American life
Source: Reuters - 🏆 2. / 97 Read more »
Wintermute Backs DEX Vertex Protocol in Strategic InvestmentArbitrum-based DEX vertex_protocol has raised an undisclosed amount in a strategic investment from the venture capital arm of market maker wintermute_t. BrandyBetz reports
Source: CoinDesk - 🏆 291. / 63 Read more »
Vice Media declares Fortress Investment Group the winning bidder in bankruptcy saleVice Media will be acquired by Fortress Investment Group and other creditors for $225 million.
Source: CNBC - 🏆 12. / 72 Read more »