Kakaku.com, Inc.Kakaku.com is the target of a potential higher bid from Bain and LY Corp., driving shares up nearly 60%.
Bain Capital and LY Corp. are considering a fresh joint takeover offer for Kakaku.com that would likely exceed EQT AB's 3,450 per-share bid. People familiar with the discussions said a proposal could be presented within days, though no final decision has been made. Kakaku.com shares have climbed almost 60% this year, giving the company a market value of approximately $4.5 billion. EQT has extended its tender-offer period until August 3 and is in talks with shareholder Oasis Management, while Kakaku.com continues to support EQT's offer. Bain Capital and Kakaku.com declined to comment, and LY Corp. did not respond to a request for comment.
Kakaku.com, Inc.Kakaku.com is the target of a potential higher bid from Bain and LY Corp., driving shares up nearly 60%.
LY CorporationLY Corp. is considering a joint takeover offer for Kakaku.com, which could be a strategic acquisition.
SoftBank Corp.
EQT CorporationBain Capital is considering a fresh joint takeover offer for Kakaku.com, indicating potential deal activity.