EQT, a European investment fund, has again extended the tender offer period for Kakaku.com and raised the tender offer price from ¥3,681 to ¥3,682, extending the offer through the 28th. This is the ninth extension.
EQT, a European investment fund, announced that it would extend the tender offer period for Kakaku.com through the 28th. The tender offer price will be ¥3,682, a ¥1 increase from the current ¥3,681.
LINE Yahoo and US investment fund Bain Capital have joined forces to submit a competing proposal. Under the competing proposal, the price is expected to be ¥3,720 if cooperation can be secured from KDDI, a major shareholder of Kakaku.com, and ¥3,597 if it cannot.
The focus is whether EQT will raise the tender offer price again during the extended period. The amended tender offer registration statement was disclosed on the 14th.