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The Tokyo-based energy producer, better known as Japex, said it plans Nov. 1 to buy the unit that Mitsubishi Materials will spin off the same day.
The acquisition price hasn't been decided, but will likely be a few hundred million yen, A Japex spokesman said.
-By Mari Iwata and Atsuko Fukase, Dow Jones Newswires; 813-6895-7572; mari.iwata@dowjones.com
(END) Dow Jones Newswires
08-27-09 0313ET
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