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Company Statement: Mitsubishi Chemical Holdings and Mitsubishi Rayon Co announce Memorandum of Understanding for Management Integration

( November 19, 2009, 18:00 GMT | Official Statement) -- Extract: Mitsubishi Chemical Holdings Corporation [...] and Mitsubishi Rayon Co., Ltd.[...] have reached an agreement to integrate management [...] in accordance with resolutions passed at both companies' meetings of Board of Directors convened on 19 November 2009. Under the agreement, Mitsubishi Rayon Co will become a subsidiary of Mitsubishi Chemical Holdings. The two companies have concluded a Memorandum of Understanding on the same day....

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