On Aug. 29, 2019, DIC Corporation announced that it had resolved to acquire the shares and assets of BASF’s Colors & Effects business and to transform the business into a subsidiary, and entered into a sales and purchase agreement.

DIC now expects to complete the closing of this transaction on June 30, 2021.

The impact of the closing of this transaction is not reflected in DIC’s operating results forecasts for fiscal year 2021, published May 14, 2021. 

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