Reported 1 day ago
Taiyo Holdings Co., a Japanese chemical firm, is reportedly considering a merger with larger competitor DIC Corp., as both companies assess the potential deal. The talks, which involve private equity firm Japan Industrial Partners Inc., come amid a significant rise in Taiyo's stock price, reflecting investor interest. DIC, which holds a 19% stake in Taiyo, also saw gains in its share price as news of the deliberations emerged. While both companies are evaluating the opportunity, no formal proposal has been made yet.
Source: YAHOO