SBS Holdings Agrees to Buy Mitsubishi Chemical Logistics in Estimated ¥19.35bn Deal
Japan's SBS Holdings has signed to buy all of Mitsubishi Chemical Logistics from its parent for ¥19.2bn in share consideration, plus advisory costs, bringing the estimated total to ¥19.35bn subject to adjustment at closing, as the target's earnings flipped into a ¥1.07bn net loss, with completion pending regulatory approval and due April 1, 2027.