Swedish investment fund EQT announced on the 27th that it will raise its tender offer price for Kakaku.com, which operates the gourmet site Tabelog, by 1 yen to 3,571 yen. This is the third price increase, and the tender offer period, which was set to end on the same day, has been extended to September 10. EQT explained that it aims to 'provide shareholders with a more attractive selling opportunity and increase the likelihood of the tender offer's success.' In the battle for Kakaku.com, LINE Yahoo has also proposed a joint acquisition with U.S. investment fund Bain Capital, leading to a bidding war. EQT initially launched the tender offer at 3,000 yen in May but has gradually raised the price in response to LINE Yahoo's proposal.
Kakaku.com, Inc.Tender offer price increased to 3,571 yen, providing shareholders with a more attractive selling opportunity
LY CorporationEQT raises tender offer price, intensifying bidding war against LINE Yahoo's joint proposal
EQT Corporation
