Japan's Maeda Corp to launch unsolicited bid to acquire road paving firm

Japan's Maeda Corp to launch unsolicited bid to acquire road paving firm

Kabukicho, Tokyo, Japan. Photo: Fabrizio Chiagano

Japanese construction firm Maeda Corp said on Monday it would launch an unsolicited bid to gain a controlling stake in a road paving company Maeda Road Construction Co in a deal worth 86 billion yen ($780.75 million).