Japan kind-of nationalizes key chipmaking material-maker JSR

The government of Japan's investment vehicle will acquire JSR Corporation, a key provider of chipmaking products and expertise. JSR specializes in lithography materials, chemical-mechanical planarization materials, process materials, and packaging materials – all of which are used to make semiconductors. The firm also provides …

[ThatOne]

Really?

> it would be rank hypocrisy

As if this had ever prevented a government from doing/saying something...

[Anonymous Coward]

Re: Really?

And in many cases, ElReg had no qualms taking it very seriously.

[Aleph0]

141 percent premium?

Kinda overpaying, aren't they? Normal premium over market rates I've seen in past takeovers ranges from 15% to 40%.

Now wondering if there's some powerful politician's friend who's taking a bath at the current prices and needs bailing out...

[Anonymous Coward]

Re: 141 percent premium?

Normal premium over market rates I've seen ...

Well ...

They wanted to make absolutely sure thay got their hands on it.

Yesterday's news are the oldest thing in the world, but ...

Never read about Autonomy, Mike Lynch, Hewlett Packard and HP's insane drive to pay 85% more than it was worth against all opinions and advise?

.

[Bitsminer]

Re: 141 percent premium?

It's typical of reporters that don't often cover financial news to get the numbers mixed up. Or confuse revenue, profit, turnover, margin or other technical terms.

Reuters reported the takeover at a 35% premium over Friday's closing price so I conclude the premium estimate is 41%, not 141%. And Reuters knows financial news.

[Anonymous Coward]

Re: 141 percent premium? - the biggest error is in the preposition

... a $6.3 billion bid for JSR at a 141 percent premium over of its current share price. would be factually correct, even if it made wall street reporters cringe.

... a $6.3 billion bid for JSR at a 141 percent premium of its current share price. would just sound weird to anybody.

Blame it on spell checker and beer, and everything will be OK.

[Blackjack]

Hey UK,how about ARM?

[Tron]

The G7 are emulating China.

Embracing universal surveillance and state ownership. Whilst condemning China for doing it first.

[IGotOut]

Re: The G7 are emulating China.

Not sure where your from, but you may want to do a bit of research before claiming state ownership is a new thing. Try looking at EDF. Nederlandse Spoorwegen, or UNICOR if you want a particularly insipid one.