EQT Raises Bid for Kakaku.com, Topping Rival's Offer
MT Newswires Live
Jul 16
Stockholm-based EQT has increased its tender offer for Kakaku.com (TYO:2371) to roughly 3,440 yen to 3,460 yen per share, surpassing the 3,384 yen bid from LY (TYO:4689) and Bain Capital, Bloomberg News reported on Thursday, citing persons familiar with the deal.
The Swedish private equity firm is said to have extended the offer period through July for the Japanese online data company, whose shares have surged 55% this year, outperforming the broader Topix index, the news wire said.
EQT and Kakaku.com did not immediately respond to MT Newswires' comment.
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