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Monday, December 24, 2012

Mitsubishi Chem to purchase capsule maker from Carlyle -source, (NASDAQ: CG)

Japan's Mitsubishi Chemical Holdings Corp will acquire Qualicaps Co Ltd from U.S.-based Carlyle Group LP, a person familiar with the matter said on Tuesday, rewarding the takeover firm's second attempt to sell the drug capsule maker.The deal could be announced in Japan as early as Tuesday, the person said on condition of anonymity because the details of the transaction are confidential. Carlyle failed to comment and Mitsubishi Chemical did not respond to a request for comment.Nara, Japan-based Qualicaps makes hard two-piece capsules and related manufacturing equipment used in the pharmaceutical and dietary supplement industries. It was acquired by Carlyle in 2005 from Shionogi & Co Ltd.Washington, D.C.-based Carlyle appointed GCA Savvian Corp and UBS as financial advisers for the sale of Qualicaps, Reuters Loan Pricing Corporation (RLPC) reported on Sept. 26, citing banking sources.

Shares of CG fell by 0.31% or $-0.08/share to $26.10. In the past year, the shares have traded as low as $20.00 and as high as $27.90. On average, 87166 shares of CG exchange hands on a given day and today's volume is recorded at 2790.