EQT Extends Tender Offer for Kakaku.com Again to August 17

M&A · Partnership
โดย Reuters·Read original
Summary · why it matters

European investment firm EQT announced on the 31st that it has extended the tender offer period for Kakaku.com from the previous deadline of August 3 to August 17. EQT launched the tender offer on May 13, and on July 17 raised the offer price from 3,000 yen to 3,450 yen per share while extending the period from July 22 to August 3. Meanwhile, LINE Yahoo, which has also made a takeover proposal, announced on the 29th that it would raise its offer price to 3,520 yen per share in partnership with US investment fund Bain Capital if it proceeds with a tender offer, and that the price would be raised from 3,500 yen to 3,640 yen per share if major shareholder KDDI agrees not to tender its shares. Kakaku.com's closing price on the 31st was 3,690 yen, up 0.22 percent from the previous trading day.

Impact on stocks 4

Communication Services · 2 stocks
Kakaku.com, Inc.
2371
▲ PositiveCapitalrelevance

Tender offer price raised to 3,450 yen and competing bid at 3,640 yen, stock trading above offer

LY Corporation
4689
▲ PositiveCapitalrelevance

LINE Yahoo raised its offer price for Kakaku.com to 3,520 yen, potentially increasing its stake

Artificial Intelligence · 1 stocks
KDDI Corporation
9433
▲ PositiveCapitalrelevance

KDDI's agreement not to tender shares could lead to higher offer price of 3,640 yen

Energy Transition & Power Demand · 1 stocks