Sanyo Chemical and Nippon Shokubai announced Wednesday that they have canceled their planned merger, as the coronavirus pandemic highlights their diverging strategies on a key material used in disposable diapers. “The Companies adopted a resolution to cancel the Business Integration and terminate by mutual agreement the final agreement concerning the Business Integration as of October … Read more
Nippon Shokubai and Sanyo Chemical Industries announced that their merger agreement and formation of joint venture has been postponed over the ongoing Covid-19 pandemic. This merger was planned to establish a joint holding company, Synfomix, Ltd. by way of a joint share transfer, which would subsequently become the integrated holding company serving as parent to … Read more
Nippon Shokubai and Sanyo Chemical Industries announced on Wednesday that the two companies had reached a Basic Agreement to move ahead with the consideration toward the integration of their businesses based on an equal footing. They will establish a holding company in October 2020 to integrate operations, which will be followed by a full-blown merger … Read more