Mitsubishi Chem to spend $4.5b to acquire rest of Mitsubishi Tanabe

Mitsubishi Chem to spend $4.5b to acquire rest of Mitsubishi Tanabe

Photo: Reuters

Mitsubishi Chemical Holdings Corp, Japan’s largest chemical maker, said on Monday it will pay 491.8 billion yen ($4.51 billion) to make Mitsubishi Tanabe Pharma Corp (4508.T) a fully owned subsidiary.