Carlyle pursues take-private of Japan's Totoku Electric
The board of Japan-based electric wire manufacturer Totoku Electric has endorsed a tender offer from The Carlyle Group that values the company at approximately JPY 38.2bn (USD 261m).
The private equity firm is looking to acquire 6.7m shares for JPY 5,660 apiece, according to a filing. The minimum acceptance threshold for the offer to proceed is 4.49m shares, or a 66.6% stake. Furukawa...
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