Flexible Electronics News

SCHOTT Acquires Majority Share of 70.8% in MORITEX Corporation

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By: DAVID SAVASTANO

Editor, Ink World Magazine

It was announced today that the international technology group SCHOTT (Mainz, Germany) has acquired a majority interest of 70.8% in Moritex Corporation (Tokyo), a publicly held company on the Tokyo Stock Exchange. SCHOTT had submitted a tender offer bid for Moritex Corporation on September 25, 2008. Prof. Udo Ungeheuer, speaker of SCHOTT’s Board of Management, considers the acceptance of the bid of 70.8% to be a clear sign of confidence from the market. “We will leverage our solid majority i...

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