“Japan Chip Linchpin Soars on $7 Billion Government Buyout Talk”
November 17, 2023
“…JIC is considering making an offer to the company as early as this year, the Nikkei newspaper reported over the weekend. JSR will discuss the matter in a board meeting on Monday and make an announcement once a decision is made, it said in a statement.
JSR rose 22% at the close, the most since since 1999, after remaining untraded most of the day as bids outweighed offers. Its peer Shin-Etsu Chemical Co. jumped 1.5% and Tokyo Ohka Kogyo Co. surged 9.1% to a record high. Other related chemical firms such as Toyo Gosei Co., Fujimi Inc., Tri Chemical Laboratories Inc. and Osaka Organic Chemical Industry Ltd. also advanced…”
https://finance.yahoo.com/news/japan-chip-linchpin-soar-7-025101753.html