Activist hedge fund firm Oasis Management is pressing Kakaku.com to seek a higher takeover price as a bidding contest for the Japanese online platform continues, according to a report by Investing.com.
Oasis, which owns about 19.5% of Kakaku.com, said it will not accept an offer of JPY3,570 per share from an EQT-backed consortium.
The private equity group’s bid, announced on 13 August, is below a competing proposal from Bain Capital and LY Corp offering JPY3,640 per share. Oasis nevertheless con...
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