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Mitsubishi Rayon Closer to Completing Lucite International Acquisition
SUGAR LAND--May 29, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--After months of delays, it appears Mitsubishi Rayon Company Limited (TYO:3404) (Tokyo, Japan) is nearing completion of its planned acquisition of Lucite International Limited (Southampton, United Kingdom). Originally announced in November of 2008, this $1.6 billion transaction has recently been approval by the Ministry of Commerce in Beijing. If completed as expected in the next few weeks, the acquisition would include 14 manufacturing sites and nearly 2,000 employees.
Other companies featured: CF Industries Holdings Incorporated (NYSE:CF), Terra Industries Incorporated (NYSE:TRA), Agrium Incorporated (NYSE:AGU)
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Industry Segment: Chemical Processing
Word Count: 418 Words
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