Acquisition History / Itochu Corporation (API) / Takiron CI Co., Ltd.
Itochu Corporation (API) Acquires Takiron CI Co., Ltd.
Announced August 6, 2024 — $199.4M
What happened
Itochu's vehicle API ran a tender offer for Tokyo Prime-listed plastics maker Takiron CI between 6 August and 18 September 2024 in order to take it private. Takiron CI's board supported the bid. API ended with 90.75% and paid JPY 29.758bn.
- Acquirer
- Itochu Corporation (API)
- Target
- Takiron CI Co., Ltd.
- Announced
- August 6, 2024
- Price
- $199.4M
- Industry
- Plastic building and industrial materials
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Itochu Corporation (API) acquire Takiron CI Co., Ltd.?
Itochu Corporation (API) acquired Takiron CI Co., Ltd. on August 6, 2024. This was Itochu Corporation (API)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Itochu Corporation (API) pay for Takiron CI Co., Ltd.?
Itochu Corporation (API) paid $199.4M for Takiron CI Co., Ltd..
What does Takiron CI Co., Ltd. do?
Itochu's vehicle API ran a tender offer for Tokyo Prime-listed plastics maker Takiron CI between 6 August and 18 September 2024 in order to take it private. Takiron CI's board supported the bid. API ended with 90.75% and paid JPY 29.758bn.
What other Plastic building and industrial materials companies has Itochu Corporation (API) acquired?
Takiron CI Co., Ltd. is Itochu Corporation (API)'s only publicly tracked acquisition in Plastic building and industrial materials so far.