U. S. investment fund Bain Capital said Monday that it will acquire Asatsu-DK Inc., the third-largest ad agency in Japan, through a tender offer. Bain Capit
U. S. investment fund Bain Capital said Monday that it will acquire Asatsu-DK Inc., the third-largest ad agency in Japan, through a tender offer.
Bain Capital plans to purchase all outstanding Asatsu-DK shares at ¥3,660 apiece and all equity warrants of the firm in the tender offer, which will start on Tuesday and end on Nov. 15. Its total acquisition costs will reach up to ¥151.7 billion.
Asatsu-DK will likely be delisted from the Tokyo Stock Exchange following the completion of the acquisition procedures. Asatsu-DK stock ended at ¥3,170 on the TSE’s first section on Monday.
The Japanese firm will end its capital and business alliance with London-based multinational advertising giant WPP PLC.
By coming under the wing of Bain Capital, Asatsu-DK hopes to better tackle its management challenges.
