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Japan's Kuraray to buy Calgon Carbon for $1.1 billion

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Japan's Kuraray to buy Calgon Carbon for $1.1 billion

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TOKYO (Reuters) – Japanese chemical manufacturer Kuraray Co Ltd will buy U.S. activated carbon firm Calgon Carbon Corp for $1.107 billion (821.2 million pounds), Kuraray said on Thursday, adding the carbon materials firm as one of its core businesses. Kuraray said it would buy all of Calgon Carbon’s shares for $21.50 each, making the Pittsburgh-based company a wholly-owned subsidiary. It said it planned to complete the debt-funded acquisition – which is subject to shareholder and regulatory approval – within the year.

(Reporting by Thomas Wilson; Editing by Christian Schmollinger)
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