Activist Murakami-linked funds own 5.11% stake in Japan's JSR

Activist Murakami-linked funds own 5.11% stake in Japan's JSR

FILE PHOTO: Japan Investment Corporation's logo is pictured at its headquarters in Tokyo, Japan, June 26, 2023. REUTERS/Kim Kyung-Hoon/File Photo

Funds related to activist shareholder Yoshiaki Murakami jointly own a 5.11% stake in Japanese chip materials maker JSR Corp, a regulatory filing showed on Tuesday.

JSR said last month that state-backed fund JIC was launching a tender offer for its shares after a Chinese antitrust review issue had been resolved.

JIC announced a $6.4 billion deal last June to buy JSR, a major maker of photoresists used in chipmaking, to drive consolidation within the sector in Japan.

Reuters

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