March 12, 2012 / 7:23 AM / 6 years ago

Asahi Kasei to buy Zoll Med for up to $1.2 billion -Nikkei

TOKYO (Reuters) - Japan’s Asahi Kasei Corp will launch a tender offer bid to acquire Zoll Medical Corp, a medical equipment firm, for up to 100 billion yen ($1.2 billion), the Nikkei business daily reported on Monday.

The maker of chemicals and construction materials will be holding a press conference at 3.30 a.m. EDT, which will be attended by Taketsugu Fujiwara, the president of Asahi Kasei Corp, .

($1 = 82.3550 Japanese yen)

Reporting by Chris Gallagher; Editing by Joseph Radford

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