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Asahi Kasei to acquire Polypore for US$3.2b

Published Mon, Feb 23, 2015 · 09:50 PM
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Tokyo

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 Polypore at US$3.2 billion, Charlotte, North Carolina-base…

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