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Progress in Procedures Related to Acquisition of Polypore

Source: www.gulfoilandgas.com 8/20/2015, Location: North America

On February 23, 2015, Asahi Kasei had entered into a definitive merger agreement to acquire Polypore International, Inc. through a US subsidiary. The completion of the merger is subject to customary closing conditions and to the closing of the sale of Polypore’s Separations Media segment to 3M Company. On August 19, 2015, antitrust clearance for the merger was granted from the Fair Trade Commission of the Republic of Korea. With the receipt of this clearance, Polypore, Asahi Kasei and 3M Company have received all antitrust clearances from applicable U.S. and foreign regulatory authorities required in connection with the merger and the sale of Polypore’s Separations Media segment. The transactions are expected to close on August 26, 2015.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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