Sources: Merck's bid for Japanese chip materials maker JSR, not disclosed to JSR shareholders, triggered a $6.4B offer by a state-backed fund in June 2023 (Financial Times)

Financial Times:
Sources: Merck's bid for Japanese chip materials maker JSR, not disclosed to JSR shareholders, triggered a $6.4B offer by a state-backed fund in June 2023  —  Japan Investment Corporation's $6.4bn offer for JSR comes as governments seek to protect semiconductor technology