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Govt-Backed JIC's Tender Offer for JSR Successful

Govt-Backed JIC's Tender Offer for JSR Successful

   Tokyo, April 17 (Jiji Press)--Government-backed Japan Investment Corp. said Wednesday that its tender offer for Japanese semiconductor materials giant JSR Corp. has been successfully completed.
   The offer, which closed on Tuesday, was accepted by 84 pct of JSR's shareholders in terms of voting rights. JIC will now proceed to acquire all JSR shares to make the company a wholly owned subsidiary.

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AFP-JIJI PRESS NEWS JOURNAL


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