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.

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