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| Name | Symbol | Market | Type |
|---|---|---|---|
| Toray Industries Inc (PK) | USOTC:TRYIY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.05 | -0.53% | 9.32 | 9.12 | 9.49 | 9.338 | 9.297 | 9.32 | 32,294 | 21:03:56 |
From Jun 2019 to Jun 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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