General Contractor Taisei to Buy Out Toyo Construction

Tokyo, Aug. 8 (Jiji Press)--Major Japanese general contractor Taisei Corp. said Friday that it will acquire marine civil engineering company Toyo Construction Co. for about 160 billion yen. Taisei aims to buy all Toyo Construction shares partly through a tender offer. Toyo Construction expressed support for the tender offer, which will run from Tuesday to Sept. 24. Each share will be purchas...

General Contractor Taisei to Buy Out Toyo Construction
Tokyo, Aug. 8 (Jiji Press)--Major Japanese general contractor Taisei Corp. said Friday that it will acquire marine civil engineering company Toyo Construction Co. for about 160 billion yen. Taisei aims to buy all Toyo Construction shares partly through a tender offer. Toyo Construction expressed support for the tender offer, which will run from Tuesday to Sept. 24. Each share will be purchas...