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27.09.2013 14:27:00

The Deal: Japan's Toray Industries Buys Zoltek for $584M

NEW YORK (The Deal) -- Japanese carbon fiber producer Toray Industries on Friday, Sept. 27, agreed to buy U.S. rival Zoltek Companies for $584 million to grab more of the market as demand increases. Tokyo-based Toray said it would pay $16.75 per share for Zoltek. Although the deal is a 2% premium to the stock's Wednesday close, it's a 10% discount on the Zoltek's Thursday close following a report of the impending deal. ... Click to view a price quote on ZOLT. Click to research the Industrial industry.

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