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Kakaku.com received a higher acquisition proposal from LINE Yahoo at 3,384 yen per share, above EQT's 3,000 yen offer.
Swedish investment firm EQT announced it is extending the period of its tender offer for Kakaku.com to the 22nd. The offer price remains unchanged at 3,000 yen per share. This move follows Kakaku.com's decision on the 2nd to withdraw its recommendation for EQT's tender offer and leave the decision to shareholders. On the 1st, LINE Yahoo announced a formal acquisition proposal for Kakaku.com at 3,384 yen per share.
Kakaku.com received a higher acquisition proposal from LINE Yahoo at 3,384 yen per share, above EQT's 3,000 yen offer.
LINE Yahoo made a formal acquisition proposal for Kakaku.com at a higher price, potentially outbidding EQT.
EQT Corporation