Industry Headlines / Vision & Sensors

German Firm Schott to Launch Tender Offer for Moritex

JENA, GERMANY - German specialty glass maker Schott AG has announced that it will launch a tender offer for Japanese optical equipment maker Moritex Corp., aiming to acquire more than 50% of outstanding Moritex shares.

Under the tender offer, which ran September 25 through October 23, Schott intends to acquire a 51% stake in Moritex at 740 yen per share for a maximum total of about 5 billion yen.

Moritex, which has indicated it will agree to the bid, plans to expand overseas operations under the control of Schott, which currently holds a 2.23% stake in the Japanese company. Moritex expects to welcome two board directors from Schott. If Schott fails to obtain at least 33% of Moritex outstanding shares, the German glass maker will not purchase the offered shares.

Moritex offers lighting systems based on LED and fibre optic technology, as well as optical imaging systems for industrial image processing.

Schott is a multinational, technology-based group developing and manufacturing specialty materials, components and systems to improve how people live and work. The company's main markets are household appliances, pharmaceuticals, solar energy, electronics, optics as well as automotive .

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

Karen Spencer, Clinkenbeard's quality manager, discusses what makes the plant stand out, advice for other plants, and looks to the future.
More Podcasts

Quality Magazine

CoverImage

2015 May

The May 2015 edition of Quality Magazine includes articles on cloud technologies, depth gages, ISO 9001, digital inspection and cool new products.

Table Of Contents Subscribe

Topics to Talk About

What topics would you like to see Quality cover more?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook2015_40 twitter_40px.png  youtube_40px.pnglinkedin_40px.png  GooglePlus_40

eNewsletters