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Asahi extends offer period for Glaverbel

Asahi Glass, Japan“s largest glassmaker, said on 29 March that it would extend the offer period for the takeover of Belgian peer Glaverbel to April 5 due to the Easter holidays.
Asahi, which already…

Asahi Glass, Japan“s largest glassmaker, said on 29 March that it would extend the offer period for the takeover of Belgian peer Glaverbel to April 5 due to the Easter holidays. Asahi, which already owns 55% of Glaverbel, announced in December it would make a tender offer of EUR 145 per share for the company in a EUR 470 million deal. The offer on ordinary shares, convertible bonds and stock options started on 18 March and was originally due to finish on 2 April.

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