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TYO:2371

11 stories mentioning TYO:2371Updated 23h ago

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Asia

Kamgras 1 Extends Tender Offer for Kakaku.com After Bain Capital's Counter-Bid

Kakaku.com (TYO:2371) said Swedish private equity firm Kamgrás 1 has extended its tender offer purchase period to Aug. 17 from Aug. 3, with settlement moved to Aug. 24.The extension follows a July 29 counter-proposal from Bain Capital affiliate BCPE Blitz Cayman and LY Corp. (TYO:4689), which priced their competing offer at 3,520 yen per share, outbidding Kamgrás 1's 3,450 yen offer, according to a Tokyo bourse filing on Friday.Kakaku.com has requested discussions regarding a potential price increase, while Kamgrás 1 has not yet determined whether to revise its bid.

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Asia

Update: Market Chatter: Bain and LY Corp. Prepare to Counter EQT's Bid for Kakaku.com

(updated with Kakaku.com's response)Bain Capital and LY Corp. are poised to submit a higher joint offer for Kakaku.com (TYO:2371) than EQT's recent 3,450 yen-per-share proposal, Bloomberg News reported on Friday, citing sources familiar with the matter.An improved bid could surface within days, but deliberations are still confidential and inconclusive, with no binding decision made and the outcome subject to change, Bloomberg said.EQT has extended its tender offer deadline to August 3 amid ongoing discussions with Kakaku's Hong Kong-based shareholder, Oasis Management, the publication said.Kakaku.com declined to comment, while Bain Capital and LY Corp. did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Bain and LY Corp. Prepare to Counter EQT's Bid for Kakaku.com

Bain Capital and LY Corp. are poised to submit a higher joint offer for Kakaku.com (TYO:2371) than EQT's recent 3,450 yen-per-share proposal, Bloomberg News reported on Friday, citing sources familiar with the matter.An improved bid could surface within days, but deliberations are still confidential and inconclusive, with no binding decision made and the outcome subject to change, Bloomberg said.EQT has extended its tender offer deadline to August 3 amid ongoing discussions with Kakaku's Hong Kong-based shareholder, Oasis Management, the publication said.Kakaku.com, Bain Capital and LY Corp. did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

EQT Raises Bid for Kakaku.com, Topping Rival's Offer

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' comment.

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Asia

Kamgras 1 Extends Tender Offer Period for Kakaku.com to July 16

Kamgras 1 has extended its tender offer for Kakaku.com (TYO: 2371) for another 10 days until July 16, according to a Tokyo bourse filing.The extension aims to give shareholders and option holders more time to consider their participation.The minimum purchase condition remains 34.9 million shares or 17.51% ownership, but the settlement start date has been moved from July 9 to July 24.

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Asia

Update: Market Chatter: Bain Capital, LY Prepare Binding Bid for Kakaku.com

(Updates to add comment from Kakaku.com and LY Corp.)U.S. investment firm Bain Capital and internet company LY Corp. (TYO:4689) plan to submit a binding bid for comparison shopping website operator Kakaku.com Inc. (TYO:2371), Bloomberg News reported Friday, citing people familiar with the matter.The bid would challenge Swedish private equity firm EQT AB's 3,000 yen-per-share tender offer, which values Kakaku.com at about 595 billion yen, according to the report.Bain Capital and LY are expected to raise their offer above EQT's bid. The two companies previously offered 3,232 yen per share in May. Discussions are ongoing, and no final decision has been made, the report said.Responding to, Kakaku.com said the Bloomberg report was not based on any announcement by the company. LY Corp. declined to comment.Meanwhile, Bain Capital did not immediately reply to' request for comment.Shares of Kakaku.com rose nearly 2%, while those of LY Corp. gained about 4% in Monday morning trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Update: Market Chatter: Bain Capital, LY Prepare Binding Bid for Kakaku.com

(Updates to add comment from Kakaku.com)U.S. investment firm Bain Capital and internet company LY Corp. (TYO:4689) plan to submit a binding bid for comparison shopping website operator Kakaku.com Inc. (TYO:2371), Bloomberg News reported Friday, citing people familiar with the matter.The bid would challenge Swedish private equity firm EQT AB's 3,000 yen-per-share tender offer, which values Kakaku.com at about 595 billion yen.Bain Capital and LY Corp. are expected to raise their offer above EQT's bid. The two companies had previously offered 3,232 yen per share in May. Discussions are ongoing, and no final decision has been made, the report said.Kakaku.com, in its response to' request for comment, declined to comment, stating that the report was not based on any announcement by the company.Meanwhile, Bain Capital did not immediately reply to' request for comment.Shares of Kakaku.com rose nearly 2%, while those of LY Corp. gained about 4% in Monday morning trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Bain Capital, LY Prepare Binding Bid for Kakaku.com

U.S. investment firm Bain Capital and internet company LY Corp. (TYO:4689) plan to submit a binding bid for comparison shopping website operator Kakaku.com Inc. (TYO:2371), Bloomberg News reported Friday, citing people familiar with the matter.The bid would challenge Swedish private equity firm EQT AB's 3,000 yen-per-share tender offer, which values Kakaku.com at about 595 billion yen.Bain Capital and LY Corp. are expected to raise their offer above EQT's bid. The two companies had previously offered 3,232 yen per share in May. Discussions are ongoing, and no final decision has been made, the report said.Kakaku.com and Bain Capital did not immediately reply to' request for comment.Shares of Kakaku.com rose nearly 2%, while those of LY Corp. gained about 4% in Monday morning trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Research

Citi Downgrades Kakaku.com to Neutral from Buy; Price Target is 3,400 Yen

Kakaku.com (TYO:2371) has an average rating of overweight and mean price target of 2,445.71 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Asia

LY Corp. Submits Capital Policy Proposal On Kakaku.com

LY Corp. (TYO:4689) submitted a capital policy proposal regarding Kakaku.com (TYO:2371), jointly with a Bain Capital-advised investment fund, including a possible full acquisition via a cash tender offer, according to a Thursday filing on the Tokyo Stock Exchange.The proposal outlines a possible cash tender offer for all Kakaku.com shares and stock acquisition rights, followed by a squeeze-out process, with a revised indicative price of 3,232 yen per share in the latest version.LY Corp. said Kakaku.com holds strategic value due to its data assets and user traffic, and that integration could support new revenue models and AI-related opportunities.

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Asia

Kakaku.com Denies Involvement in Reported EQT Acquisition Talks

Kakaku.com (TYO:2371) said a media report that EQT is considering acquiring the company is not based on any company announcement, according to a Thursday filing on the Tokyo Stock Exchange.The operator of the comparison shopping website said it continues to review measures to enhance corporate value, including capital policies, but no decisions have been made.

TYO:2371

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