CAS Capital to privatize JASDAQ's Merktec for $65 million
CAS Capital, a Tokyo-based investment firm targeting management buy-ins and buyouts, will sponsor the privatization of Marktec Corporation, a JASDAQ-listed maker of non-destructive testing (NDT) products, through a tender offer, with a total value of JPY6 billion ($65 million).
The tender offer price is JPY1,400 ($15) per share, a 42.6% premium over the last 6-month average trading price. CAS will invest up to JPY3.52 billion ($38 million) of equity, while taking up to JPY2.83...
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