Regarding the acquisition of Kakaku.com, Oasis Management has stated that it will not support a tender offer below ¥3,640. The EQT and LINE Yahoo camps have indicated moves to raise their tender offer prices. The focus will be on Oasis's stake and future negotiations over the price.
Oasis Management, a major shareholder of Kakaku.com, has stated that it will not support EQT's tender offer at ¥3,640 or below. Oasis holds 19.5% of Kakaku.com shares and has indicated that it intends to seek either the withdrawal of support for EQT's tender offer or an increase in the tender offer price.
EQT is reportedly conducting a tender offer for Kakaku.com at ¥3,570 per share, rather than ¥4,570, with the 27th as the deadline. However, summarizing the wording of the source as it stands, the moves surrounding an appropriate tender offer price are continuing.
LINE Yahoo plans to launch a tender offer jointly with U.S. investment fund Bain Capital at ¥3,640 if it secures the cooperation of KDDI, Kakaku.com's major shareholder, and at ¥3,520 otherwise. The tender offer price options differ depending on whether KDDI's cooperation is obtained.
Against this backdrop, there is a view that both camps may continue to raise their tender offer prices, and the situation remains one in which future developments could be influenced by Oasis's response.