Completion of the merger of Mountain Acquisition Corporation into US tableware company Mikasa was officially announced on 12 January 2001. Mountain Acquisition was a wholly-owned subsidiary of J.G. Du…
Completion of the merger of Mountain Acquisition Corporation into US tableware company Mikasa was officially announced on 12 January 2001. Mountain Acquisition was a wholly-owned subsidiary of J.G. Durand Industries, parent company of Arc International (formerly Verrerie Cristallerie d“Arques). Following the operation, J.G. Durand Industries owns approximately 84.7% of Mikasa, with Alfred J. Blake, chairman of Mikasa, Raymond B. Dingman, president and CEO of Mikasa, Anthony F. Santarelli, executive vice president of Mikasa, and George T. Aratani, chairman emeritus and founder of Mikasa, retaining approximately 15.3% of Mikasa. Senior members of Mikasa management, including Blake, Dingman and Santarelli, will continue with Mikasa in their current roles. Mikasa“s common stock will be delisted from the New York Stock Exchange, and holders of Mikasa common stock are entitled to receive US$ 16.50 per share.