TOKYO (Reuters) -European investment fund EQT has decided to acquire Japanese elevator maker Fujitec through a tender offer worth more than 400 billion yen ($2.6 billion), the Nikkei business daily
EQT Investment Fund Targets Fujitec in $2.6 Billion Acquisition
TOKYO (Reuters) -European investment fund EQT has decided to acquire Japanese elevator maker Fujitec through a tender offer worth more than 400 billion yen ($2.6 billion), the Nikkei business daily reported on Tuesday.
Fujitec has been the target of activist investors, notably Hong Kong-based Oasis Management, which is currently its top shareholder with a stake of about 30%.
EQT's tender offer price is likely to be in the upper 5,000 yen range, compared with the closing price of 6,205 yen on Tuesday, the Nikkei said.
(Reporting by Satoshi SugiyamaEditing by Chang-Ran Kim)
