Politics
Bain, LY Prep Binding Offer for Kakaku in Bidding War Versus EQT
Key Points
Asia Bain, LY Prep Binding Offer for Kakaku in Bidding War Versus EQT Bain Capital and LY Corp. are poised to make a binding bid for Kakaku.com Inc., challenging a tender offer from EQT AB that values the price-comparison site operator at around ¥595 billion ($3.7 billion). The US private equity firm and SoftBank Corp. affiliate have been conducting due diligence and are likely to submit a formal bid for Tokyo-based Kakaku next week, according to people familiar with the matter.
Asia
Bain, LY Prep Binding Offer for Kakaku in Bidding War Versus EQT
Bain Capital and LY Corp. are poised to make a binding bid for Kakaku.com Inc., challenging a tender offer from EQT AB that values the price-comparison site operator at around ¥595 billion ($3.7 billion).
The US private equity firm and SoftBank Corp. affiliate have been conducting due diligence and are likely to submit a formal bid for Tokyo-based Kakaku next week, according to people familiar with the matter.
[Image text:] nt8.com
.com