Asahi Kasei to buy Zoll Med for up to $1.2 billion -Nikkei
03/12/2012| 02:22am US/Eastern
Japan's Asahi Kasei Corp will launch a tender offer bid to acquire Zoll Medical Corp, a medical equipment firm, for up to 100 billion yen ($1.2 billion), the Nikkei business daily reported on Monday.
The maker of chemicals and construction materials will be holding a press conference at 3.30 a.m. EDT, which will be attended by Taketsugu Fujiwara, the president of Asahi Kasei Corp, .
($1 = 82.3550 Japanese yen)
(Reporting by Chris Gallagher; Editing by Joseph Radford)