EQT raises Kakaku.com tender offer price to 3,450 yen per share

ロイター··Read original
3▲1 ▼1Impact / 5
Summary · why it matters

European investment firm EQT disclosed on the 17th that it has raised its tender offer price for Kakaku.com from 3,000 yen to 3,450 yen per share. It submitted a correction statement to the Kanto Local Finance Bureau and extended the tender offer period from the 22nd to August 3rd. EQT launched the tender offer in May, and a consortium of LINE Yahoo and US-based Bain Capital this month announced a formal acquisition proposal for Kakaku.com at 3,384 yen per share.

Impact on assets 3

Communication Services± Mixed
Kakaku.com, Inc.
2371
▲ PositiveCapitalrelevance

EQT raised its tender offer price to 3,450 yen per share, valuing the company higher and benefiting shareholders.

LY Corporation
4689
▼ NegativeCompetitionrelevance

LY Corporation's consortium bid of 3,384 yen per share is lower than EQT's raised offer of 3,450 yen, making it less competitive.

Energy Transition & Power Demand▲