Deals
Toray Wins Preferred Bidding Rights for Woongjin Chemical Stake
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Toray Industries Inc., the biggest carbon fiber producer that’s also expanding its water-treatment business, said it won the preferential bidding rights for a 56.2 percent stake in Woongjin Chemical Co.
Toray will announce results of negotiations between its Korean unit and the South Korean fiber maker that also has a water-filter business as soon as a decision is reached, it said in a statement to the Tokyo Stock Exchange.