Japan's Asahi Glass Gains Full Control Of Glaverbel

Asahi Glass Co. Ltd. (J.AHG) said Wednesday that it has gained full control of Belgium's Glaverbel SA (B.GLA) following a squeeze-out offer.

The announcement marks the end of a bitter battle between the Japanese glassmaker and minority shareholders.

Asahi Glass has been trying to get shareholders to part with their stock since last December, when it announced its EUR145-a-share offer for the 35% of Glaverbel it didn't already control.

Asahi Glass plans to integrate Glaverbel into its global operations. Glaverbel was delisted from Euronext Brussels on Dec. 16.

600450 Japan's Asahi Glass Gains Full Control Of Glaverbel glassonweb.com

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