Tokyo, Dec. 31 (Jiji Press)–Yomeishu Seizo Co. has canceled preferential negotiation rights it granted to U.S. investment fund KKR to take the Japanese company private, according to the herbal health tonic maker. KKR had planned to launch a tender offer to acquire the Japanese company, but Yomeishu Seizo’s largest shareholder indicated its intention not to sell its shares. In a statement released Tuesday morning, Yomeishu Seizo said it had granted preferential negotiation rights to KKR, but it notified the fund of the expiration of the rights later in the day. Yomeishu Seizo, which was founded in Nagano Prefecture in central Japan in 1923, will discuss specific ways to take the company private with investment firm Yuzawa, its largest shareholder. END [Copyright The Jiji Press, Ltd.]
KKR’s Priority Negotiation Rights with Yomeishu Seizo Expire
Related Posts
Japan Biz Delegation Postpones Beijing Visit
Tokyo, Dec. 31 (Jiji Press)–A Japanese business delegation will postpone a planned visit to Beijing, the Japan-China Economic Association said Wednesday. Representatives from the association, the Japan Business Federation, or Keidanren, and the Japan Chamber of Commerce and Industry were scheduled to
EXCLUSIVE: Home Rebuilding Lags in Noto 2 Years after Quake
Wajima, Ishikawa Pref., Dec. 31 (Jiji Press)–The proportion of households that received additional financial support on top of basic disaster relief for rebuilding homes damaged by the Jan. 1, 2024, earthquake stands at only about 30 pct in six municipalities in the
