Simpson Thacher Represents JPMorgan, Financial Advisor to Zoltek Companies, in Toray Industries’ Announced Acquisition of Zoltek for $584 Million
10.03.13
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The Firm is representing J.P. Morgan Securities LLC in its role as financial advisor to Zoltek Companies Inc. (NASDAQ: ZOLT) in connection with Toray Industries Inc.’s announced acquisition of Zoltek for $16.75 per share in cash, for a total equity value of approximately $584 million. The transaction is expected to close late 2013 or early 2014, subject to customary closing conditions, including the approval of the Company’s shareholders and certain regulatory approvals.
Zoltek, with operations primarily in the United States, Mexico and Europe, develops, manufactures and markets carbon fibers for various applications. Toray, based in Tokyo, is the world’s largest producer of carbon fiber.
The Simpson Thacher team includes Caroline Gottschalk, Rob Spatt and John Kupiec (M&A).