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Asahi Kasei Announces Agreement to Acquire Polypore's Energy Storage Segment

2015-02-23 12:12:20| Chemicals - Topix.net

In conjunction with this transaction, Polypore also announced today that it has entered into a definitive asset purchase agreement to sell the assets and liabilities related to the Separations Media segment to 3M Company for cash consideration of approximately Asahi Kasei, through a U.S. subsidiary, will acquire all of the outstanding shares of Polypore's common stock for per share in the form of a cash merger, which would occur immediately after the closing of the sale of the Separations Media segment to 3M. As a result of these transactions, Asahi Kasei will acquire Polypore's Energy Storage business for total net consideration of approximately .

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