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Asahi Kasei to acquire Polypore for US$3.2b

Asahi Kasei plans to invest one trillion yen over five years to boost capacity and expand its battery and materials businesses.


ASAHI Kasei Corp, a Japanese chemicals and fibre maker, agreed to acquire Polypore International to expand its battery business and boost capacity overseas.

Asahi Kasei will pay US$60.50 per share in cash, about 24 per cent more than the 20-day average, in a deal that values