LINE Yahoo and Bain Raise Kakaku.com Tender Offer Price Again to 3,597–3,720 Yen

M&A · PartnershipCorporate Action
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Summary · why it matters

LINE Yahoo and U.S. investment fund Bain Capital announced on the 16th that they have raised their tender offer price for Kakaku.com, which operates the restaurant review site Tabelog, from 3,520–3,640 yen per share to 3,597–3,720 yen. The move is a counter-bid in response to Sweden's EQT, which is pursuing a tender offer at 3,680 yen. In the battle for control of Kakaku.com, EQT announced its tender offer in May, and after LINE Yahoo formally proposed an acquisition on July 1, both camps have repeatedly raised their tender offer prices.

Impact on stocks 3

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

Kakaku.com is the target of a bidding war, with LINE Yahoo/Bain raising their tender offer price to 3,597–3,720 yen.

LY Corporation
4689
▲ PositiveCapitalrelevance

LY Corporation (LINE Yahoo) raised its tender offer price for Kakaku.com to 3,597–3,720 yen as part of its acquisition bid.

Energy Transition & Power Demand · 1 stocks