KKR completes tender for Japan's Hitachi Transport Systems
KKR has completed its tender offer for Hitachi Transport Systems, having secured a 51.1% stake in the third-party logistics (3PL) provider at a valuation of JPY 749.5bn (USD 5.4bn).
Investors representing 42.9m shares voted in favour of KKR’s offer of JPY 8,913 per share, comfortably above the minimum acceptance threshold of 22.4m shares, according to a filing. KKR will now move...
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