Nippon Sheet Glass Co. announced Monday it has sealed a deal to acquire British glassmaker Pilkington PLC in a friendly takeover bid worth some 359 billion yen that at one point was rejected by the Pilkington side.
The takeover, which has been approved by Pilkington’s board of directors, will make the British firm a fully owned subsidiary and push up Nippon Sheet Glass’ sales to about 760 billion yen, making it one of the largest makers of flat glass in the world.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.