Japan's Hoya to launch $1.4 bln counter-bid for Toshiba unit NuFlare

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and pentyl poppers European firms consider various options for pentyl poppers restructuring, pentyl poppers Japanese companies tend to fix upon only one. Once Toshiba decided to buy NuFlare, pentyl poppers it doesn’t seem to have an alternative,” a Tokyo-based investment banker said.

The ACCC was also concerned, launching court action in December against Kimberly-Clark Australia and Pental for making false or misleading claims by saying their products disintegrate as well as toilet paper.

Pental admitted the White King Power Clean Flushable Toilet Wipes 40 pack and White King Power Clean Flushable Toilet Wipes 100 pack, which was later renamed, advertised as flushable between 2011 and 2016 were represented as similar to toi

Toshiba has said plans to spend 200 billion yen to convert NuFlare, plant engineering firm Toshiba Plant Systems and Services, and marine electrical systems maker Nishishiba Electric Co into wholly owned units.

That bid failed, since when Unizo has attracted global funds, such as Blackstone Group, which are still negotiating with the hotel chain for the take over. Co launched a hostile bid in July to buy hotel chain Unizo Holdings.

‘While there is currently no Australian standard for flushability, this product has been tested to the EDINA and INDA International guidelines, passing flushability and biodegradability tests,’ it said.

TOKYO, Dec 13 (Reuters) – Japan’s Hoya Corp said on Friday it would make a $1.4 billion counter-bid for NuFlare Technology Inc in what could become a hostile offer for the Toshiba Corp unit, which the electronics conglomerate plans to buy out.

‘The impression given by the representations which Kimberly-Clark and Pental each made about these products was that they were suitable to be flushed down household toilets in Australia, when this was not the case,’ ACCC Chairman Rod Sims said.

But Toshiba said in a statement there was no change to its plan to make NuFlare a 100% unit, which it said was “the best option for pentyl poppers maximising NuFlare’s corporate value”.

Its offer price of 11,900 yen had been agreed upon with a special committee set up by NuFlare and was “appropriate”, it said.