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Korea M&A Corporation
Hokuetsu Paper Mills Ltd. said Tuesday it has reached a basic agreement to conclude an operational alliance with Nippon Paper Industries Co. Hokuetsu and Nippon Paper Industries, a wholly owned subsidiary of Nippon Paper Group Inc., plan to mutually supply products under each other's brands, jointly procure materials and fuel and streamline distribution systems. The two companies expect to achie..
Oji Paper Co., the nation's leading paper producer, said Sunday it aims to make Hokuetsu Paper Mills Ltd. a wholly owned subsidiary through a takeover bid beginning in mid-August.Major Japanese companies rarely make hostile takeover bids against domestic competitors.Analysts said the planned management integration could sharpen Oji Paper's edge against Nippon Paper Group Inc., Japan's second-lar..