Sony Agrees To Sell Chemical Products Biz To Japanese Bank

Law360, New York (March 22, 2012, 3:00 PM EDT) -- Sony Corp. has tentatively agreed to sell its Tokyo-based chemical products businesses to the Development Bank of Japan Inc., the technology giant announced Thursday.

After signing a nonbinding memorandum, the two companies said they are in the process of doing due diligence on the proposed sale of part of Sony Chemical & Information Device Corp. Barring any surprise hurdles, the companies aim to ink a definitive agreement by the end of May and close the deal by the third quarter of next year, they said in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.