tender offer: Asatsu-DK will likely be delisted from the Tokyo Stock Exchange following the completion of the acquisition procedures, according to The Japan Times. Asatsu-DK stock ended at 3,170 on the TSE's first section Monday. 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 was to start Tuesday and end Nov. 15. ; The total acquisition costs will reach up to 151.7 billion. 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. The company also plans to beef up its content business abroad, mainly in Southeast Asia. Asatsu-DK faces the need to promote ads using new technologies, such as virtual reality and big data, at a time when the advertising market in Japan has been saturated.
(news.financializer.com). As
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Tagged under tender offer, management challenges topics.