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Article: Shin-Etsu Chemical Co., Ltd. Announces Notice of Commencement of Tender Offer.
- Article from:
- Business Wire
- Article date:
- December 12, 2005
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TOKYO -- Shin-Etsu Chemical Co., Ltd. (the Company) has resolved at the meeting of the board of directors dated December 12, 2005, to acquire the shares of MIMASU SEMICONDUCTOR INDUSTRY CO., LTD. (the Target) by way of tender offer (the Tender Offer). The details of the Tender Offer are as follows:
1. PURPOSE OF THE TENDER OFFER
In order to strengthen the bilateral relationship in respect of the semiconductor silicon business, on August 4, 2005, the Company subscribed for and acquired all of the shares issued by the Target through a third party allotment, and the Target became an affiliate of the Company as a result of such share acquisition.
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