Kakaku.com major shareholder Oasis agrees to tender all shares in LINE Yahoo-led tender offer

Corporate Action
โดย Reuters·Read original
Summary · why it matters

Oasis Management, a major shareholder of Kakaku.com, has entered into an agreement on the 1st to tender all of its Kakaku.com shares in the planned tender offer by LINE Yahoo and Bain Capital. Oasis holds a 19.52% stake in Kakaku.com, and according to a change report, its ownership percentage remains unchanged. The obligation to tender will lapse if Sweden's EQT, which is conducting a prior tender offer, makes a proposal that exceeds the current offer price by 1% or more. The LINE Yahoo-Bain tender offer is priced at up to 3,500 yen per share, is conditional on Kakaku.com expressing support, and is expected to commence around September.

Impact on stocks 3

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

Major shareholder Oasis agrees to tender shares in LINE Yahoo-Bain tender offer at up to 3,500 yen per share, supporting the deal

LY Corporation
4689
▲ PositiveCapitalrelevance

LINE Yahoo's tender offer for Kakaku.com is proceeding with major shareholder support, strengthening its acquisition strategy

Energy Transition & Power Demand · 1 stocks

Off-coverage companies 1

Bain CapitalPrivate▲ Positive
Capitalrelevance

Bain Capital's joint tender offer with LINE Yahoo gains key shareholder support, advancing the acquisition