German firm Schott AG said 27 October 2008 that it successfully completed a tender offer for Moritex Corp., acquiring 70.81% of the Japanese imaging device maker“s shares for JPY 7.28 billion (USD 77…
German firm Schott AG said 27 October 2008 that it successfully completed a tender offer for Moritex Corp., acquiring 70.81% of the Japanese imaging device maker“s shares for JPY 7.28 billion (USD 77.3 million). Moritex will remain listed on the Tokyo Stock Exchange“s first section after becoming a subsidiary of the glass materials producer. Idec Corp., Moritex“s top shareholder with an 11.7% stake, tendered its holdings to Schott.