JX Advanced Metals Corporation entered into an Share Exchange Agreement to acquire remaining 49.63% stake in Toho Titanium Company, Limited from a group of shareholders for ¥63.91 billion.
JX Advanced Metals Corporation (TSE:5016) entered into an Share Exchange Agreement to acquire remaining 49.63% stake in Toho Titanium Company, Limited (TSE:5727) from a group of shareholders for ¥63.91 billion on February 25, 2026. The consideration consists of common equity of JX Advanced Metals Corporation at a ratio of 0.7 per common equity of Toho Titanium Company, Limited. Toho Titanium?s extraordinary shareholders? meeting to approve the Share Exchange Agreement is scheduled to be held on April 24, 2026.
The transaction is subject to approval of merger agreement by target board and de-listing of company stock. The Board of Directors of Toho Titanium Company, Limited formed a special committee for the transaction. The expected completion of the transaction is June 1, 2026.
Nagashima Ohno & Tsunematsu act as legal advisor and Mizuho Securities Co., Ltd. and Deloitte Tohmatsu Financial Advisory LLC act as financial advisor, Deloitte Tohmatsu Tax Co. act as accountant, Plutus Consulting Co., Ltd. act as fairness opinion provider for Toho Titanium Company, Limited.
JX Advanced Metals Corp is a Japan-based company primarily engaged in global business activities primarily in the development, manufacture, and sale of advanced materials made from copper and rare metals that are indispensable to the semiconductor and telecommunications fields, with sputtering targets and rolled copper foils for semiconductors as its main products. The Company operates its business through three segments. The Semiconductor Materials segment manufactures and sells sputtering targets for semiconductors, compound semiconductor and crystal materials, and chlorides. The Information and Communication Materials segment manufactures and sells rolled copper foil, titanium copper, ultra-fine nickel powder, electromagnetic shielding film, electric wire, and other products. The Basic Materials segment manufactures and sells electrolytic copper, molded copper, precious metals, sulfuric acid, and other products. The Company also handles compound semiconductors and crystal materials.
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JX Advanced Metals Corporation entered into an Share Exchange Agreement to acquire remaining 49.63% stake in Toho Titanium Company, Limited from a group of shareholders for ¥63.91 billion.
