Deals
Asahi Kasei to Buy Polypore to Expand Battery Business
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Asahi Kasei Corp., a Japanese chemicals and fiber maker, agreed to acquire Polypore International Inc. to expand its battery business and boost capacity overseas.
Asahi Kasei will pay $60.50 for each share of Charlotte, North Carolina-based Polypore, it said Monday in a statement. The offer is 14 percent more than the Friday closing price. Polypore rose 13 percent to $59.55 at 10:25 a.m. in New York.