EQT Consortium Tops Bain's Bid with 3,570 Yen Offer for Kakaku.com

MT Newswires Live
Aug 13

The EQT and Digital Garage consortium has raised its tender offer for Kakaku.com (TYO:2371) to 3,570 yen per share, exceeding Bain Capital and LY Corp.'s (TYO:4689) rival proposal of 3,520 yen on July 29.

The consortium extended the offer period to Aug. 27, following an earlier extension to August 17 after Kakaku.com requested discussions on a potential price increase.

The amended price represents a 68.32% premium over Kakaku.com's unaffected share price of 2,121 yen and significantly exceeds one-, three-, and six-month average closing prices, according to a statement on Thursday.

All necessary regulatory clearances have already been obtained, with the consortium committed to delivering value while allowing Kakaku.com to focus on its long-term growth and development.

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