Mithun knitting and Dyeing (CEPZ) Ltd (DSE:MITHUNKNIT) agreed to acquire Toyo Composite Knitwear Garments Limited and Pure Cotton Mills Limited for BDT 5.9 billion in stock on March 6, 2012. As a part of consideration, Mithun knitting and Dyeing will issue one Mithun Knitting and Dyeing (CEPZ) Ltd. share for every 2 shares of Toyo Composite Knit Garments Limited and one share for every 1.2 shares of Pure Cotton Mills Ltd and for this purpose Mithun knitting and Dyeing is issuing 6.67 million shares at BDT 10 per share. The transaction is subject to Mithun knitting and Dyeing complying with the relevant laws and regulatory requirements, and also shall adhere to the conditions imposed by SEC.