02:27 PM EDT, 05/28/2025 (MT Newswires) -- KKR (KKR) and Nippon Sangyo Suishin Kiko submitted separate proposals to acquire Japanese chemical manufacturer Taiyo Holdings, Bloomberg reported Tuesday, citing people familiar with the matter.

The objective of both proposals is to delist the company through a premium-priced tender offer, the report said. Taiyo's market value is 300 billion yen ($2 billion), according to Bloomberg data, the report said.

Taiyo plans to evaluate the terms and decide on the offers, the people reportedly said.

KKR, Nippon Sangyo and Taiyo didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 121.36, Change: +0.44, Percent Change: +0.36