1. Home
  2. Press release
Feb 28, 2020 16:00 JST

Source: Showa Denko K.K.

SDK Announces Progress Towards the Tender Offer for Shares of Hitachi Chemical Company, Ltd. (JP:4217)

TOKYO, Feb 28, 2020 - (JCN Newswire) - As notified on the "Announcement Regarding the Planned Commencement of Tender Offer for Shares in Hitachi Chemical Company, Ltd. (Securities Code 4217)" dated December 18, 2019, HC Holdings K.K. (The "Tender Offeror"), a wholly-owned subsidiary of Showa Denko K.K. ("Showa Denko," and collectively referred to with the Tender Offeror as the "Tender Offerors"), had announced that the commencement of the tender offer (The "Tender Offer") is subject to satisfaction (or waiver by the Tender Offeror) of certain conditions precedent, including the completion of necessary procedures and actions under domestic and overseas competition laws (Japan, China, Korea, US, EU, and Taiwan).

The Tender Offerors are proceeding with necessary procedures and measures under competition laws of each country towards the Tender Offer, and as of today, procedures and measures under the competition laws in some countries and have yet to be completed. At present, the Tender Offerors are not aware of significant issues concerning the procedures, etc. under the competition laws; however, the timing of completion of procedures and measures and the commencement of the Tender Offer is expected to be March, 2020 at the earliest, and we will continue to strive for prompt conclusion.

We will quickly notify when the conditions for the commencement of the Tender Offer are met and the Tender Offer is to begin.

Contact:
Showa Denko K.K., Public Relations Office, Tel: 81-3-5470-3235
Source: Showa Denko K.K.
Sectors: Chemicals, Spec.Chem

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release

Showa Denko Launches Mass Production of 6-inch SiC Single Crystal Wafers
March 28 2022 11:00 JST
 
SDK Corrects Segment Information in 2021 Consolidated Financial Statements
March 11 2022 14:00 JST
 
Showa Denko Group Starts to Consider Transformation into Holding Company Structure
March 09 2022 14:00 JST
 
Showa Denko Decides Firm Name of the Newly Integrated Company
March 09 2022 14:00 JST
 
SDK Announces 2021 Consolidated Financial Results
February 14 2022 13:00 JST
 
SDK to Revise Amount of Director Compensation (in Money) Following Revision of Director Compensation Scheme and to Partially Revise Performance-Linked Stock Compensation Scheme
February 14 2022 13:00 JST
 
Showa Denko Accelerates Search for Optimal Formulation of Semiconductor Materials with Quantum Computing Technology
February 10 2022 12:00 JST
 
Showa Denko Revises Forecast of Consolidated Performance
February 09 2022 15:00 JST
 
New Year Message from Hidehito Takahashi, Showa Denko President and CEO
January 04 2022 13:00 JST
 
Showa Denko Develops HD Media for MAS-MAMR Technology
December 10 2021 12:30 JST
 
More Press release >>

Latest Press Release


Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST

Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST

NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST

Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST

TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST

First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST

Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST

Eisai: Research on Treatments for Alzheimer's Disease Based on Its Pathological Mechanisms Recieves Award for Science and Technology (Research Category)
Apr 18, 2024 10:53 JST

All-New Triton Confirmed as First Double-Cab Pickup Truck to Achieve 2024 Five-Star ANCAP Safety Rating
Apr 18, 2024 09:22 JST

Eisai's Antiepileptic Drug Fycompa Injection Formulation Launched In Japan
Apr 17, 2024 16:17 JST

Honda Unveils Next-generation EV Series for China
Apr 17, 2024 12:15 JST

Lexus presents Time at the 2024 Milan Design Week
Apr 16, 2024 18:49 JST

Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
Apr 16, 2024 14:36 JST

New circuit challenge for TOYOTA GAZOO Racing
Apr 15, 2024 17:21 JST

TOYOTA GAZOO Racing back on asphalt for Croatian challenge
Apr 12, 2024 19:36 JST

Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project
Apr 12, 2024 14:39 JST

MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors
Apr 11, 2024 18:08 JST
 More Latest Release >>