Mitsui Chemicals agrees to acquire JSR with Development Bank of Japan for about $8.8 billion
Mitsui Chemicals said it agreed to acquire semiconductor materials maker JSR from state-backed JIC Capital jointly with the Development Bank of Japan. The deal values JSR’s equity at ¥1.392 trillion ($8.78 billion), including a ¥200 billion investment by the bank. Mitsui Chemicals intends to acquire all voting rights and plans a ¥1.640 trillion bridge loan to finance the acquisition and provide working capital after closing.