Taiyo to Decide on Delisting as Early as August, President Says
Taiyo Holdings Co. will decide on proposals from several private equity funds to delist it after a shareholder meeting this month, where its president is likely to face a vote on his ouster.
The Japanese chemical manufacturer will decide on the proposals in August at the earliest, Eiji Sato said in an interview. The company is reviewing formal proposals for capital alliances, including privatization, from fewer than five private equity funds, and a special committee is examining whether the acquisition terms are fair, he said.
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