LY Corporation
Announcement of scheduled start of a public tender offer by BCPE Blitz Cayman, L.P. (Progress disclosure)
Progress report on the notice of the planned start of a public tender offer. Updates on Kamgras 1 tender offer price fluctuations, movements of major shareholders such as Oasis/DG/KDDI, and status of legal clearances.
Key Figures
- 3,520 yen: This tender offer price (at signing of the non-participation agreement by KDDI)
- 3,640 yen: This tender offer price (at signing, applicable)
- Kamgras 1 tender offer price: 3,570 yen (as of Aug 13)
AI要約
Overview
This official release reports the progress of the notice regarding the planned start of a public tender offer by Bain Capital Private Equity LP and LINE Yahoo for Kakaku.com, Inc. The document outlines the progress policy considering movements around Kamgras 1’s proposed price, whether Oasis is obligated to apply, and the status of contracts with major shareholders, as well as regulatory clearances in various jurisdictions.
Impact and outlook
The start timing and price of the tender offer may vary depending on shareholder support including Oasis, price movements of Kamgras 1, and the possibility of concluding a non-participation agreement with KDDI. If regulatory clearances are not obtained, the start timing is expected to be mid-September, and there is an explicit possibility of suspending the deal if requirements are not satisfied.
LINE Y!hoo Corporation
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