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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Zoltek Companies, Inc. (MM) | NASDAQ:ZOLT | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 16.73 | 0 | 01:00:00 |
From Sep 2019 to Sep 2024
TOKYO--Toray Industries Inc. (3402.TO), the global market leader in carbon fiber, said Friday it has agreed to buy smaller rival Zoltek Companies Inc. (ZOLT) in a deal valued at $584 million.
The Japanese synthetic fiber maker said it will use a special purpose company in the U.S. to buy the entire stake in St. Louis-based Zoltek for $16.75 per share. A Toray spokesman in Tokyo said the transaction will be completed as soon as possible.
Carbon-fiber reinforced plastic is lighter and stronger than sheet steel and aluminium. It is a key component in fuel-efficient jetliners flying long-haul routes, and is used in industrial applications such as the blades of electricity-generating windmills.
Write to Hiroyuki Kachi at Hiroyuki.Kachi@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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