TOKYO –
The takeover battle for Kakaku.com, operator of restaurant evaluate web site Tabelog and price-comparison service Kakaku.com, intensified on September 11 after Swedish funding agency EQT raised its tender provide worth to three,680 yen per share, surpassing a rival proposal from a gaggle led by LINE Yahoo.
EQT introduced that it could enhance its tender provide worth from 3,571 yen per share and prolong the provide interval by way of September 29.
The funding agency started its tender provide for Kakaku.com in May at an preliminary worth of three,000 yen per share.
The newest enhance is the fourth for the reason that provide started, lifting the worth by greater than 22% from the unique proposal. EQT has additionally repeatedly prolonged the tender provide interval because the competitors for management of the corporate has continued.
The takeover contest started after LINE Yahoo and U.S. funding agency Bain Capital made a competing acquisition proposal in July following the beginning of EQT’s tender provide.
The LINE Yahoo-Bain group has mentioned it plans to launch a young provide at 3,640 yen per share if it could possibly safe cooperation from KDDI, a significant shareholder in Kakaku.com.
EQT’s newly raised provide of three,680 yen per share now exceeds the worth proposed by the rival group.
Attention is due to this fact turning to LINE Yahoo and Bain Capital and whether or not they’ll reply by growing their very own proposed buy worth or taking different steps within the battle for Kakaku.com.
Source: TBS