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4-Traders Homepage  >  Shares  >  Tokyo  >  Asahi Kasei Corp    3407   JP3111200006

ASAHI KASEI CORP (3407)

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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)

Stocks treated in this article : Asahi Kasei Corp., ZOLL Medical Corporation
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